Hyperfine Inc [NASDAQ: HYPR] gained 39.28% or 0.36 points to close at $1.28 with a heavy trading volume of 40007267 shares.
The daily chart for HYPR points out that the company has recorded 28.00% gains over the past six months.
If we look at the average trading volume of 341.66K shares, HYPR reached to a volume of 40007267 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Hyperfine Inc [HYPR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HYPR shares is $1.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HYPR stock is a recommendation set at 2.33. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Hyperfine Inc shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 11, 2022. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on May 31, 2022, representing the official price target for Hyperfine Inc stock. Previously, the target price had yet another raise to $8, while Wells Fargo analysts kept a Overweight rating on HYPR stock.
The Average True Range (ATR) for Hyperfine Inc is set at 0.12, with the Price to Sales ratio for HYPR stock in the period of the last 12 months amounting to 7.48. The Price to Book ratio for the last quarter was 1.60, with the Price to Cash per share for the same quarter was set at 0.59.
Trading performance analysis for HYPR stock
Hyperfine Inc [HYPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 45.45. With this latest performance, HYPR shares gained by 6.67% in over the last four-week period, additionally plugging by 28.00% over the last 6 months – not to mention a rise of 14.29% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HYPR stock in for the last two-week period is set at 63.90, with the RSI for the last a single of trading hit 71.69, and the three-weeks RSI is set at 59.92 for Hyperfine Inc [HYPR]. The present Moving Average for the last 50 days of trading for this stock 1.0715, while it was recorded at 0.9969 for the last single week of trading, and 1.0118 for the last 200 days.
Hyperfine Inc [HYPR]: A deeper dive into fundamental analysis
Hyperfine Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.73 and a Current Ratio set at 6.44.
Hyperfine Inc [HYPR]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HYPR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hyperfine Inc go to 12.13%.
An analysis of Institutional ownership at Hyperfine Inc [HYPR]
There are presently around $22.07%, or 24.19%% of HYPR stock, in the hands of institutional investors. The top three institutional holders of HYPR stocks are: VANGUARD GROUP INC with ownership of 3.18 million shares, which is approximately 4.4167%. FOSUN INTERNATIONAL LTD, holding 1.74 million shares of the stock with an approximate value of $$1.48 million in HYPR stocks shares; and FOSUN INTERNATIONAL LTD, currently with $$1.01 million in HYPR stock with ownership which is approximately 1.6493%.
