How to Buy Hyperfine Stock
Hyperfine Inc
Hyperfine, Inc. provides imaging, monitoring, and magnetic resonance imaging products. It offers Swoop Portable MR imaging system to address an unmet need in point-of-care medical imaging through a combination of hardware and software services.
Hyperfine stock last closed at $0.79, down 1% from the previous day, and has decreased 44.55% in one year. It has underperformed other stocks in the Medical Devices industry by 0.32 percentage points. Hyperfine stock is currently +2.99% from its 52-week low of $0.77, and -75.82% from its 52-week high of $3.28.
At the moment, there are 71.95M HYPR shares outstanding. The market value of HYPR is $57.06M. In the past 24 hours, 70,553 HYPR shares were traded.
How to Buy Hyperfine Stock
Wondering how to invest in Hyperfine stock? Here's how.
- Figure out where to buy Hyperfine stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you decide where to buy Hyperfine stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Choose your method of payment and add your info.
- Analyze Hyperfine stock: The Hyperfine ticker symbol is HYPR. Is Hyperfine stock a good investment? Should you buy shares of HYPR? How do HYPR's underlying business fundamentals look? Do top analysts think Hyperfine is a good buy? Why has HYPR's stock price moved recently? (Hint: Our stock research website can help you figure out if HYPR is a good stock to buy).
- Make your HYPR buy order: Decide if you will purchase HYPR shares at the current market price or use a limit order to purchase HYPR shares at a particular price.
- Track your HYPR position: Create a watchlist to get live updates on your position in Hyperfine shares.
Step 1: Figure out where to buy Hyperfine stock
You need a brokerage account in order to access the NASDAQ market and buy HYPR stock.
Our recommended brokerage: eToro
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Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can invest in HYPR today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Send your data by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you have created your account on stock apps to use, you can securely and quickly fund your account:
Watch the walkthrough below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze Hyperfine stock
After you have chosen the best place to buy Hyperfine stock, it's important to research their stock prior to investing, so you can comprehend the risk as well as the opportunity.
Hyperfine shares at a glance
HYPR Overview
WallStreetZen was designed to help part-time investors perform better fundamental analysis.
You can view all of the due diligence checks on HYPR's stock page.
Is HYPR stock undervalued or overvalued?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge HYPR's true value.
Using relative valuations metrics:
- HYPR may be undervalued based on its P/B ratio of 0.68x, relative to Medical Devices industry P/B ratio of 3.68x
You can do additional valuation research on HYPR's stock here.
HYPR Financial Health Summary
Positive Health Checks:
- There are more short-term assets than short-term liabilities on the HYPR balance sheet.
- HYPR has a low debt to equity ratio of 0.12.
- Total HYPR debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the HYPR balance sheet.
- HYPR has cash burn of 42613000. It has enough cash and short-term investments to cover this for at least one year.
Negative Health Checks:
- HYPR has $75.80M in cash and short term investments. This is not sufficient to cover its annual cash burn of $42.61M.
- HYPR profit margin has gone up by 6.73 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy Hyperfine stock, according to analysts?
Out of 2 sell side analysts who give recommendations on HYPR, the consensus analyst rating on HYPR is a Hold
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Hyperfine stock forecast page.
HYPR Technical Indicators
HYPR Performance Numbers
Last year, HYPR revenue was $11.03M. During the past three year, HYPR's revenue has increased by 331.79% per year. This was faster than the Medical Devices industry average of 13.04%.
You can research HYPR's earnings and revenue performance here.
Who is buying/selling HYPR?
In the last year, executives and large shareholders at HYPR have sold more shares than they have bought.
Thomas Teisseyre, Chief Operating Officer of HYPR, was the latest HYPR insider to sell. They sold $3,585.30 worth of HYPR shares on Feb 16, 2024.
Research more about who owns HYPR shares here.
Does HYPR stock generate passive income?
No, Hyperfine doesn't provide an income stream by paying out dividends.
What others are saying about HYPR
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Make your HYPR buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, place a limit order.
Hit the Open button and eToro will execute your order.
If you require more help investing in stocks on eToro, watch the helpful video below:
Step 6: Track your HYPR position
Now that you own some HYPR stock, you'll want to stay up-to-date on your new investment.
Put HYPR on a watchlist to track the latest developments regarding your HYPR stock.
HYPR Feed
How to Buy Stock in Hyperfine
To summarize, here are the 6 steps you need to take to buy Hyperfine stock right now:
- Figure out where to buy Hyperfine stock
- Sign up for a brokerage account
- Put funds into your investment account
- Analyze Hyperfine stock
- Make your HYPR buy order
- Track your HYPR position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your investment in Hyperfine, get started below.
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