Hyperfine (NASDAQ:HYPR) Issues Quarterly Earnings Results

Hyperfine (NASDAQ:HYPR) announced its quarterly earnings results on Tuesday. The company reported ($0.14) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.14), Zacks reports. The business had revenue of $3.64 million during the quarter, compared to the consensus estimate of $3.40 million. Hyperfine had a negative return on equity of 57.54% and a negative net margin of 309.42%. During the same quarter last year, the firm posted ($0.15) EPS. Hyperfine updated its FY 2024 guidance to EPS.

Hyperfine Price Performance

Shares of Hyperfine stock traded down $0.05 during midday trading on Friday, reaching $0.84. The company had a trading volume of 45,378 shares, compared to its average volume of 99,814. The stock has a fifty day moving average price of $0.99 and a 200 day moving average price of $0.98. Hyperfine has a fifty-two week low of $0.76 and a fifty-two week high of $1.42. The firm has a market cap of $61.07 million, a PE ratio of -1.48 and a beta of 0.85.

About Hyperfine

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.