Geode Capital Management LLC Grows Stock Position in Hyperfine, Inc. (NASDAQ:HYPR)

Geode Capital Management LLC raised its stake in shares of Hyperfine, Inc. (NASDAQ:HYPR) by 18.7% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 624,520 shares of the company’s stock after buying an additional 98,335 shares during the period. Geode Capital Management LLC’s holdings in Hyperfine were worth $675,000 at the end of the most recent quarter.

Hyperfine Stock Performance

NASDAQ HYPR opened at $0.94 on Friday. The stock has a 50-day simple moving average of $0.95 and a two-hundred day simple moving average of $1.01. The firm has a market capitalization of $68.52 million, a P/E ratio of -1.65 and a beta of 0.88. Hyperfine, Inc. has a fifty-two week low of $0.76 and a fifty-two week high of $1.39.

Hyperfine (NASDAQ:HYPR) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.14) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.14). The business had revenue of $3.64 million during the quarter, compared to analyst estimates 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 business posted ($0.15) EPS. As a group, analysts forecast that Hyperfine, Inc. will post -0.57 earnings per share for the current year.

Hyperfine Profile

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.