Hinge Health, Inc. (NYSE:HNGE) was one of the stocks on Jim Cramer’s radar on Mad Money as he explained that many investors might 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 got a phenomenal quarter from Hinge Health, which is a digital AI-powered physical therapy platform where you get your care via an app rather than in person. This company came public a year ago, remember, I told you it was going to be terrific. It rallied hard in the early months. It started to languish late last year, earlier this year, but then Hinge reported two and a half weeks ago, and it delivered a true blowout set of numbers.
Revenue up 47% year over year, much better than expected margins… I couldn’t believe they could make this much, and healthy earnings beat. Management also issued strong guidance for the current quarter and raised their full-year forecast substantially. In response, then correctly, the stock jumped 10% single session. Since then though, here’s the opportunity, trading 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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