Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report) was up 6% during mid-day trading on Wednesday. The company traded as high as $9.71 and last traded at $9.6970. 3,440,418 shares traded hands during trading, a decline of 71% from the average daily volume of 11,697,617 shares. The stock had previously closed at $9.15.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on PURR shares. Weiss Ratings raised shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Sunday, October 11th. Compass Point started coverage on shares of Hyperliquid Strategies in a report on Monday, September 14th. They issued a “buy” rating and a $18.00 price target on the stock. Cantor Fitzgerald increased their target price on Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Finally, Chardan Capital increased their price target on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $19.80.
Check Out Our Latest Research Report on Hyperliquid Strategies
Hyperliquid Strategies Stock Performance
The firm has a market capitalization of $2.71 billion, a P/E ratio of -1.52 and a beta of 1.89. The firm has a 50-day moving average of $11.17 and a 200-day moving average of $8.68.
Institutional Trading of Hyperliquid Strategies
Large investors have recently added to or reduced their stakes in the business. State of Wyoming bought a new stake in shares of Hyperliquid Strategies during the 2nd quarter valued at $46,000. CoreCap Advisors LLC increased its stake in shares of Hyperliquid Strategies by 740.0% in the third quarter. CoreCap Advisors LLC now owns 8,400 shares of the company’s stock worth $103,000 after purchasing an additional 7,400 shares in the last quarter. Shepherd Financial Partners LLC bought a new stake in shares of Hyperliquid Strategies during the 2nd quarter valued at $79,000. Quantum Financial Partners LLC purchased a new stake in Hyperliquid Strategies in the 3rd quarter worth $128,000. Finally, Lotus Technology Management LP purchased a new position in shares of Hyperliquid Strategies in the second quarter valued at about $93,000. 9.45% of the stock is currently owned by institutional investors.
About Hyperliquid Strategies
Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. Hyperliquid Strategies Inc, formerly known as Sonnet BioTherapeutics Holdings Inc, is based in NEW YORK.
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