Latest news with #Swoop
Yahoo
an hour ago
- Business
- Yahoo
Hyperfine trading spiked on algorithms caching ‘AI,' says B. Riley
B. Riley analyst Yuan Zhi reiterates a Buy rating on Hyperfine (HYPR) with a $1 price target after the company's premium Swoop received FDA 510k approval weeks ahead of schedule. The new next-generation MRI system includes a new scanner and Optive artificial intelligence software, producing the highest level of image quality and uniformity, the analyst tells investors in a research note. The firm says Hyperfine kept the hardware development confidential up until yesterday, so it is likely not on many investor radars. Riley points out the trading volume of Hyperfine on Monday was greater than 100M shares, more than the entire float. This trading abnormality could be related to trading algorithms catching the keyword 'AI,' the firm contends. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on HYPR: Disclaimer & DisclosureReport an Issue Hyperfine announces FDA clearance of Swoop system Hyperfine announces FDA clearance of next-generation software Hyperfine Chairperson R. Scott Huennekens Resigns Hyperfine Holds Annual Stockholders Meeting Hyperfine Inc. Earnings Call: Transition and Growth Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 hours ago
- Business
- Yahoo
Hyperfine Stock Rises After FDA Clears Next-Gen Swoop MRI System
Hyperfine HYPR recently announced FDA 510(k) clearance for its next-generation Swoop Portable MR Imaging system. The clearance covers an entirely new portable magnetic resonance imaging (MRI) scanner powered by Hyperfine's proprietary OptiVu AI software, delivering the company's highest level of image quality, functionality, and usability to date. The FDA clearance strengthens Hyperfine's commitment to revolutionizing bedside imaging by enabling rapid, low-field MRI capabilities without the logistical hurdles of traditional systems. With enhanced workflow, usability, and advanced AI-driven imaging, the next-gen Swoop system is positioned to bring greater clinical utility and operational efficiency to hospitals and care teams. Following the announcement, shares of the company moved 41% north and closed at $0.85 on Monday's closing. Shares of the company have lost 3.4% in the year-to-date period compared with the industry's 9.7% decline. The S&P 500 has gained 0.4% in the same time frame. This FDA clearance positions Hyperfine for long-term growth by significantly enhancing the clinical appeal and marketability of its Swoop system, enabling broader adoption across hospitals, emergency departments, and global health systems. The improved image quality, AI-driven diagnostics, and ease of use make the system more competitive against conventional MRI, potentially accelerating sales, expanding reimbursement opportunities, and opening new revenue streams. HYPR currently has a market capitalization of $46.89 billion. In the trailing four quarters, HYPR delivered an average earnings surprise of 3.1%. Image Source: Zacks Investment Research The newly FDA-cleared next-generation Swoop Portable MR Imaging system represents a major technological advancement in bedside brain imaging. The system features a newly engineered hardware platform combined with the proprietary Optive AI software. This integration delivers the highest signal-to-noise ratio to date, resulting in exceptional image quality with improved resolution, uniformity, and faster acquisition times. These enhancements are designed to meet the growing demand for high-performance imaging solutions in varied healthcare environments where traditional MRI access is limited or delayed. The upgraded Swoop system is tailored to be user- and patient-centric. It is optimized to scan a broad patient population, including pediatric, elderly, or anxious individuals, making it highly valuable in settings where patient compliance and comfort are crucial. Its compact, mobile design eliminates the need for patient transport, enabling clinicians to acquire brain scans directly at the point of care. This capability is particularly beneficial in emergency departments, ICUs, neurology offices, and even rural or under-resourced locations. The system's development was shaped through collaboration with leading institutions such as Jefferson Abington, and is actively used in the Hyperfine-sponsored NEURO PMR study. Early results from these studies report highly positive feedback from clinicians and patients alike, with notable improvements in diagnostic efficiency and patient comfort. Per a report by Precedence Research, the global portable MRI market size accounted for $4.34 billion in 2025, and is expected to be worth around $7 billion by 2034, registering a CAGR of 5.44% between 2024 and 2034. Given the market potential, HYPR is likely to witness a boost in its imaging business with the FDA-cleared Swoop system. Currently, HYPR carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader medical space that have announced quarterly results are CVS Health Corporation CVS, Integer Holdings Corporation ITGR and AngioDynamics ANGO. CVS Health, carrying a Zacks Rank of 2 (Buy), reported first-quarter 2025 adjusted earnings per share (EPS) of $2.25, beating the Zacks Consensus Estimate by 31.6%. Revenues of $94.59 billion outpaced the consensus mark by 1.8%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. CVS Health has a long-term estimated growth rate of 11.4%. CVS's earnings surpassed estimates in each of the trailing four quarters, with an average surprise of 18.1%. Integer Holdings reported first-quarter 2025 adjusted EPS of $1.31, beating the Zacks Consensus Estimate by 3.2%. Revenues of $437.4 million surpassed the Zacks Consensus Estimate by 1.3%. It currently sports a Zacks Rank #1. Integer Holdings has a long-term estimated growth rate of 18.4%. ITGR's earnings surpassed estimates in three of the trailing four quarters and missed once, the average surprise being 2.8%. AngioDynamics, currently sporting a Zacks Rank #1, reported a third-quarter fiscal 2025 adjusted EPS of 3 cents against the Zacks Consensus Estimate of a 13-cent loss. Revenues of $72 million beat the Zacks Consensus Estimate by 2%. ANGO has an estimated fiscal 2026 earnings growth rate of 27.8% compared with the S&P 500 Composite's 10.5% growth. The company surpassed earnings estimates in each of the trailing four quarters, with the average surprise being 70.9%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AngioDynamics, Inc. (ANGO) : Free Stock Analysis Report CVS Health Corporation (CVS) : Free Stock Analysis Report Integer Holdings Corporation (ITGR) : Free Stock Analysis Report Hyperfine, Inc. (HYPR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
UK–India FTA sets stage for cross-border leasing growth
The UK–India free trade agreement, signed on 6 May after three years of negotiation, lowers trade barriers across a wide range of goods and services. With India projected to become the world's third-largest economy by 2028, UK leasing providers are positioning themselves to finance bilateral trade flows and support small businesses navigating new export and import opportunities. To great fanfare, on May 6, the world's fourth and sixth-largest economies finally signed a free trade agreement (FTA) that was three years in the making. The FTA strengthens a strategic partnership with India, with particular significance in a post-Brexit, conflict-riven world of increased trade protectionism railroaded by the US Trump administration. India is an enticing market that is growing rapidly by around 6-7% per annum in real terms, putting it on course to become the third-largest economy in the world by 2028, according to the UK's Department for Business and Trade. By 2030, India's middle class will number an estimated 60 million, and rising, potentially reaching a quarter of a billion by 2050. Official statistics indicate that the UK exported £17.1 billion of goods and services to India in 2024, including goods worth £7 billion, and services amounting to £10.1 billion. The UK in turn imported £25.5 billion from India (£10.8 billion of goods and £14.7 billion of services). India accounted for 2% of all UK exports in 2024, and it was the UK's 12th largest export market. Meanwhile, India was the 11th largest source of UK imports, accounting for 2.8% of the total. India's overall demand for imports is projected to grow by 144% in real terms between 2021 and 2035, to reach £1.4 trillion, according to the government. The FTA thus represents an ambitious and comprehensive deal that, over the long run (by 2040), is expected to increase the UK's GDP by £4.8 billion, and the UK's wages by £2.2 billion each year, with bilateral trade rising by £25.5 billion each year. The deal represents a significant opportunity for Swoop Funding, a UK-based fintech platform serving SMEs, which has been growing since its launch in 2018 by Andrea Reynolds and Ciaran Burke and has significant global reach. The FTA is 'a promising move,' says Dave Cummings, the firm's head of vendor & asset finance, who notes the fact that India is a massive and fast-growing economy, so 'anything that makes it easier for UK businesses to trade, invest, or expand there is a win.' The Swoop team is preparing to assist UK firms in financing Indian equipment purchases through leasing and asset finance products, while supporting exporters with trade and working capital. 'We are well placed to support Indian businesses accessing UK suppliers and partners,' says Cummings, 'and we are exploring partnerships in the region to build on this momentum.' It will not have gone unnoticed that a recent International Business Report from Grant Thornton indicated that 42% of UK businesses surveyed without an existing presence in India plan to build one in the next two years. Moreover, of those with an existing presence in the Indian market, 96% plan to expand further. Some 72% of UK businesses surveyed say that an FTA would encourage them to explore the opportunities the country offers. Cummings believes that will bolster the asset financing sector, sparking fresh demand from UK firms looking to lease equipment for new export opportunities, or from those tapping into more affordable machinery coming from India. He expects to see demand increasing across several areas, with working capital, trade finance and, crucially, asset finance bolstered, as firms gear up to take advantage of the new opportunities the FTA offers. 'It is one of those deals that, if backed up by practical support, could really shift the dial for small- and medium-sized enterprises,' he says. The FTA plans to lower import tariffs on key products, with reductions on 90% of tariff lines for UK exports, to eventually make 85% fully tariff free within a decade. The deal includes aerospace, electrical machinery, electrical circuits and conductors, and food items, among the various sectors and products covered, with automotive tariffs of more than 100% lowered to 10% under a new quota arrangement. The UK will eliminate tariffs on 99% of Indian goods; among these are a range of manufactured products. Invariably, the British Chambers of Commerce welcomes the move, with the tariff reductions 'giving UK companies exporting to India a clear edge on increasing sales,' says William Bain, head of trade policy, who adds that 'the proposals for a follow-up Investment Treaty will also provide a solid platform to grow manufacturing and other sectors in our two economies.' There are new digital commitments to support electronic contracts and transactions, including support for SMEs to make it easier to enter the market. India has also agreed to release UK goods quickly at its customs points, provide a streamlined portal for trade, and publish all customs procedures and laws online in English. For the first time, UK businesses will be able to access the Indian procurement market worth more than £38 billion per annum. The automotive, construction, logistics and renewables sectors are likely to benefit, says Cummings, especially where firms need to upgrade or replace equipment, with a wave of competitively priced Indian machinery entering the UK market. That represents an opportunity, of course, to finance providers, 'helping customers acquire this new equipment through leasing, hire purchase, or other flexible arrangements,' while underlining the fact that 'It is also a chance to finance deals at both ends of the trade corridor.' Cummings sees the planned reduction in Indian import tariffs on UK vehicles and machinery as a big plus. 'It opens the door for leasing firms here to serve the growing Indian demand for high-quality kit.' Still, from a leasing standpoint, he says there is still a gap. More clarity on trade finance support, customs processes, and how smaller firms can access affordable cross-border finance would have been ideal. 'It's often these practical details that make or break a deal's impact for SMEs,' he says. 'We'd also like to see more accessible government-backed finance options, better awareness campaigns, and hands-on support to help businesses navigate red tape.' Without that, he says, the benefits of the deal risk being confined to bigger players. "UK–India FTA sets stage for cross-border leasing growth" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
6 days ago
- Business
- Yahoo
UK–India FTA sets stage for cross-border leasing growth
The UK–India free trade agreement, signed on 6 May after three years of negotiation, lowers trade barriers across a wide range of goods and services. With India projected to become the world's third-largest economy by 2028, UK leasing providers are positioning themselves to finance bilateral trade flows and support small businesses navigating new export and import opportunities. To great fanfare, on May 6, the world's fourth and sixth-largest economies finally signed a free trade agreement (FTA) that was three years in the making. The FTA strengthens a strategic partnership with India, with particular significance in a post-Brexit, conflict-riven world of increased trade protectionism railroaded by the US Trump administration. India is an enticing market that is growing rapidly by around 6-7% per annum in real terms, putting it on course to become the third-largest economy in the world by 2028, according to the UK's Department for Business and Trade. By 2030, India's middle class will number an estimated 60 million, and rising, potentially reaching a quarter of a billion by 2050. Official statistics indicate that the UK exported £17.1 billion of goods and services to India in 2024, including goods worth £7 billion, and services amounting to £10.1 billion. The UK in turn imported £25.5 billion from India (£10.8 billion of goods and £14.7 billion of services). India accounted for 2% of all UK exports in 2024, and it was the UK's 12th largest export market. Meanwhile, India was the 11th largest source of UK imports, accounting for 2.8% of the total. This embedded content is not available in your region. India's overall demand for imports is projected to grow by 144% in real terms between 2021 and 2035, to reach £1.4 trillion, according to the government. The FTA thus represents an ambitious and comprehensive deal that, over the long run (by 2040), is expected to increase the UK's GDP by £4.8 billion, and the UK's wages by £2.2 billion each year, with bilateral trade rising by £25.5 billion each year. The deal represents a significant opportunity for Swoop Funding, a UK-based fintech platform serving SMEs, which has been growing since its launch in 2018 by Andrea Reynolds and Ciaran Burke and has significant global reach. The FTA is 'a promising move,' says Dave Cummings, the firm's head of vendor & asset finance, who notes the fact that India is a massive and fast-growing economy, so 'anything that makes it easier for UK businesses to trade, invest, or expand there is a win.' The Swoop team is preparing to assist UK firms in financing Indian equipment purchases through leasing and asset finance products, while supporting exporters with trade and working capital. 'We are well placed to support Indian businesses accessing UK suppliers and partners,' says Cummings, 'and we are exploring partnerships in the region to build on this momentum.' It will not have gone unnoticed that a recent International Business Report from Grant Thornton indicated that 42% of UK businesses surveyed without an existing presence in India plan to build one in the next two years. Moreover, of those with an existing presence in the Indian market, 96% plan to expand further. Some 72% of UK businesses surveyed say that an FTA would encourage them to explore the opportunities the country offers. Cummings believes that will bolster the asset financing sector, sparking fresh demand from UK firms looking to lease equipment for new export opportunities, or from those tapping into more affordable machinery coming from India. He expects to see demand increasing across several areas, with working capital, trade finance and, crucially, asset finance bolstered, as firms gear up to take advantage of the new opportunities the FTA offers. 'It is one of those deals that, if backed up by practical support, could really shift the dial for small- and medium-sized enterprises,' he says. The FTA plans to lower import tariffs on key products, with reductions on 90% of tariff lines for UK exports, to eventually make 85% fully tariff free within a decade. The deal includes aerospace, electrical machinery, electrical circuits and conductors, and food items, among the various sectors and products covered, with automotive tariffs of more than 100% lowered to 10% under a new quota arrangement. The UK will eliminate tariffs on 99% of Indian goods; among these are a range of manufactured products. Invariably, the British Chambers of Commerce welcomes the move, with the tariff reductions 'giving UK companies exporting to India a clear edge on increasing sales,' says William Bain, head of trade policy, who adds that 'the proposals for a follow-up Investment Treaty will also provide a solid platform to grow manufacturing and other sectors in our two economies.' There are new digital commitments to support electronic contracts and transactions, including support for SMEs to make it easier to enter the market. India has also agreed to release UK goods quickly at its customs points, provide a streamlined portal for trade, and publish all customs procedures and laws online in English. For the first time, UK businesses will be able to access the Indian procurement market worth more than £38 billion per annum. The automotive, construction, logistics and renewables sectors are likely to benefit, says Cummings, especially where firms need to upgrade or replace equipment, with a wave of competitively priced Indian machinery entering the UK market. That represents an opportunity, of course, to finance providers, 'helping customers acquire this new equipment through leasing, hire purchase, or other flexible arrangements,' while underlining the fact that 'It is also a chance to finance deals at both ends of the trade corridor.' Cummings sees the planned reduction in Indian import tariffs on UK vehicles and machinery as a big plus. 'It opens the door for leasing firms here to serve the growing Indian demand for high-quality kit.' Still, from a leasing standpoint, he says there is still a gap. More clarity on trade finance support, customs processes, and how smaller firms can access affordable cross-border finance would have been ideal. 'It's often these practical details that make or break a deal's impact for SMEs,' he says. 'We'd also like to see more accessible government-backed finance options, better awareness campaigns, and hands-on support to help businesses navigate red tape.' Without that, he says, the benefits of the deal risk being confined to bigger players. "UK–India FTA sets stage for cross-border leasing growth" was originally created and published by Leasing Life, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
7 days ago
- Business
- Yahoo
Sanford airport adds low-cost carrier offering direct flights to Dominican Republic
A low-cost airline is expanding its U.S. footprint to Sanford, where starting this fall it will offer service to the Dominican Republic as the airport's first new carrier since 2021. Arajet, based in the Dominican Republic, will on Oct. 26 begin direct flights three times a week between Orlando Sanford International Airport and Punta Cana International Airport. Tickets went on sale Wednesday with fares to Punta Cana starting at $138 per person and $162 back to Sanford. 'People are screaming for lower fares,' said Victor Pacheco Mendes, who founded Arajet in 2022 and is chief executive officer. 'And we're going to deliver. … We saw a huge need for lower fares in the [Central Florida] region — but not a cheap product.' Located about 45 miles northeast of Walt Disney World, the Sanford airport has long sat in the shadow of the much-larger Orlando International Airport — which has about 40 airlines and handled more than 57 million passengers last year, making it one of the busiest airfields in the country. By comparison, the Sanford airport (SFB) had nearly 2.9 million passengers go through its gates last year. The airport markets itself as a faster and easier way to catch a flight because it's a smaller facility, but Arajet will become just the second airline providing regular service there. In an email to the Orlando Sentinel, Nicole Martz, Sanford airport's president and CEO, called Arajet's decision to fly out of the airfield an 'exciting' and 'meaningful milestone — not only for our airport but for the communities that we serve on both sides of this new route.' Martz pointed out that nearly 10,000 Seminole residents — and more than 85,000 in Central Florida — are Dominican. 'It's a vital connection that brings families, cultures and communities closer together,' she said of Arajet's route between Sanford and the Dominican Republic. Mendes added that the route will appeal to local residents who want to visit friends and family. 'We're expecting to build a strong presence in Orlando and eventually connect travelers to Santo Domingo,' he said, referring to the Dominican Republic's capital. The airline opened hubs this year in Boston, Chicago, New York and San Juan, and plans to add Miami in June, as it works to increase its U.S. presence Las Vegas-based Allegiant began offering flights out of Sanford in May 2005 and currently serves 59 U.S. destinations. Sun Country, an ultra-low-cost airline based out of Minneapolis-St. Paul International Airport, offers charter flights out of the airport. In late 2021, Flair and Swoop airlines began direct trips to Canada from Sanford. But in 2023, Flair moved to Orlando's airport and Swoop integrated with WestJet, which also flies out of the larger airport. Arajet currently flies to 26 destinations, mostly in the Caribbean and South America — including Ecuador, Colombia, Brazil, Mexico, Argentina and Jamaica. The airline had nearly 1.6 million flyers last year. Mendes said the airline has 10 new Boeing 737-Max 8 jets in its fleet and plans to add three this year and four next year for a total of 17 by the end of 2026. Punta Cana's airport (PUJ) is on Hispaniola's east coast and about 125 miles from Santo Domingo. A tourist destination, Punta Cana is known for its beaches, luxury hotels and resorts.
