Hyperfine (NASDAQ:HYPR) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Hyperfine (NASDAQ:HYPR) announced its quarterly earnings data on Monday. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.02, Zacks reports. Hyperfine had a negative net margin of 309.42% and a negative return on equity of 57.54%. The company had revenue of $2.32 million for the quarter, compared to the consensus estimate of $2.30 million. During the same period in the prior year, the firm posted ($0.15) EPS. Hyperfine updated its FY 2025 guidance to EPS.

Hyperfine Stock Down 28.7 %

Shares of NASDAQ HYPR opened at $0.91 on Wednesday. The firm’s 50-day moving average price is $1.07 and its 200-day moving average price is $1.01. The company has a market cap of $66.54 million, a PE ratio of -1.60 and a beta of 0.94. Hyperfine has a 52-week low of $0.76 and a 52-week high of $1.90.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price target on shares of Hyperfine from $1.10 to $1.29 and gave the company an “equal weight” rating in a report on Tuesday.

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.