Hyperfine Stock Cash Per Share
| HYPR Stock | USD 1.01 0.03 3.06% |
Hyperfine fundamentals help investors to digest information that contributes to Hyperfine's financial success or failures. It also enables traders to predict the movement of Hyperfine Stock. The fundamental analysis module provides a way to measure Hyperfine's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Hyperfine stock.
| Last Reported | Projected for Next Year | ||
| Cash Per Share | 1.05 | 1.32 |
Hyperfine | Cash Per Share |
Hyperfine Company Cash Per Share Analysis
Hyperfine's Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Current Hyperfine Cash Per Share | 2.06 X |
Most of Hyperfine's fundamental indicators, such as Cash Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Hyperfine is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Hyperfine Cash Per Share Driver Correlations
Understanding the fundamental principles of building solid financial models for Hyperfine is extremely important. It helps to project a fair market value of Hyperfine Stock properly, considering its historical fundamentals such as Cash Per Share. Since Hyperfine's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Hyperfine's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Hyperfine's interrelated accounts and indicators.
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Hyperfine Cash Per Share Historical Pattern
Today, most investors in Hyperfine Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Hyperfine's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's cash per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Hyperfine cash per share as a starting point in their analysis.
Hyperfine Cash Per Share |
| Timeline |
Companies with high Cash per Share ratio will be considered as an attractive investment by most investors. In most industries if you can single out an equity instrument trading below its cash per share value, you have a bargain and should consider buying it. Finding the stocks traded below their cash value, therefore, can be a good starting point for investors using strategies based on fundamentals.
| Competition |
Hyperfine Common Stock Shares Outstanding
Common Stock Shares Outstanding |
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In accordance with the recently published financial statements, Hyperfine has a Cash Per Share of 2.06 times. This is 52.64% lower than that of the Health Care Equipment & Supplies sector and 21.07% lower than that of the Health Care industry. The cash per share for all United States stocks is 58.88% higher than that of the company.
Hyperfine Cash Per Share Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Hyperfine's direct or indirect competition against its Cash Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Hyperfine could also be used in its relative valuation, which is a method of valuing Hyperfine by comparing valuation metrics of similar companies.Hyperfine is currently under evaluation in cash per share category among its peers.
Hyperfine Fundamentals
| Return On Equity | -0.49 | ||||
| Return On Asset | -0.3 | ||||
| Operating Margin | (2.99) % | ||||
| Current Valuation | 28.03 M | ||||
| Shares Outstanding | 57.89 M | ||||
| Shares Owned By Insiders | 9.00 % | ||||
| Shares Owned By Institutions | 24.35 % | ||||
| Number Of Shares Shorted | 1.5 M | ||||
| Price To Book | 1.26 X | ||||
| Price To Sales | 5.99 X | ||||
| Revenue | 11.03 M | ||||
| Gross Profit | 907 K | ||||
| EBITDA | (47.06 M) | ||||
| Net Income | (44.24 M) | ||||
| Cash And Equivalents | 145.1 M | ||||
| Cash Per Share | 2.06 X | ||||
| Total Debt | 185 K | ||||
| Debt To Equity | 0 % | ||||
| Current Ratio | 15.02 X | ||||
| Book Value Per Share | 1.17 X | ||||
| Cash Flow From Operations | (41.81 M) | ||||
| Short Ratio | 33.29 X | ||||
| Earnings Per Share | (0.57) X | ||||
| Target Price | 1.23 | ||||
| Number Of Employees | 131 | ||||
| Beta | 0.84 | ||||
| Market Capitalization | 71.58 M | ||||
| Total Asset | 94.2 M | ||||
| Retained Earnings | (253.72 M) | ||||
| Working Capital | 80.14 M | ||||
| Net Asset | 94.2 M |
About Hyperfine Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Hyperfine's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Hyperfine using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Hyperfine based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Hyperfine
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hyperfine position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hyperfine will appreciate offsetting losses from the drop in the long position's value.Moving against Hyperfine Stock
| 0.53 | LH | Laboratory | PairCorr |
| 0.52 | MD | Mednax Inc | PairCorr |
| 0.49 | ECOR | Electrocore LLC | PairCorr |
| 0.47 | DOCS | Doximity | PairCorr |
| 0.45 | ELMD | Electromed | PairCorr |
The ability to find closely correlated positions to Hyperfine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyperfine when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hyperfine - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hyperfine to buy it.
The correlation of Hyperfine is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hyperfine moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyperfine moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hyperfine can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Hyperfine Stock Analysis
When running Hyperfine's price analysis, check to measure Hyperfine's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hyperfine is operating at the current time. Most of Hyperfine's value examination focuses on studying past and present price action to predict the probability of Hyperfine's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hyperfine's price. Additionally, you may evaluate how the addition of Hyperfine to your portfolios can decrease your overall portfolio volatility.