Hinge Health, Inc. (NYSE:HNGE) was one of the stocks on Jim Cramer’s radar in Mad Money when he explained that many investors could be missing out on the market’s biggest winners. Cramer highlighted the company’s latest earnings and the following market reaction, as he commented:
Earlier this month, we had a phenomenal quarter from Hinge Health, which is an AI-powered digital physical therapy platform where you receive care through an app instead of in person. This company went public a year ago, remember, I told you it was going to be fantastic. He recovered strongly in the first months. It started to languish at the end of last year, at the beginning of this year, but then Hinge reported two and a half weeks ago and it came out with a truly spectacular series of numbers.
Revenue was up 47% year over year, margins much better than expected… I couldn’t believe they could make that much, and healthy profits topped. Management also issued strong guidance for the current quarter and substantially raised its full-year guidance. In response, then correctly, the stock rose 10% in a single session. However, since then, here is the opportunity to trade sideways.
Stock market data. Photo by Burak The Weekender on Pexels
Hinge Health, Inc. (NYSE:HNGE) develops digital health software focused on musculoskeletal care, covering injury recovery, chronic pain management, and post-surgical rehabilitation.
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