Hyperfine, Inc. (NASDAQ:HYPR) Looks Just Right With A 30% Price Jump
Despite an already strong run, Hyperfine, Inc. (NASDAQ:HYPR) shares have been powering on, with a gain of 30% in the last thirty days. The last 30 days bring the annual gain to a very sharp 49%.
After such a large jump in price, given around half the companies in the United States’ Medical Equipment industry have price-to-sales ratios (or “P/S”) below 2.8x, you may consider Hyperfine as a stock to avoid entirely with its 11.1x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the highly elevated P/S.
See our latest analysis for Hyperfine
