Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report) traded up 7% during mid-day trading on Thursday . The stock traded as high as $6.50 and last traded at $6.4970. 972,266 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 4,666,330 shares. The stock had previously closed at $6.07.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Cantor Fitzgerald raised their price target on Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Maxim Group assumed coverage on Hyperliquid Strategies in a report on Friday, April 24th. They issued a “buy” rating and a $10.00 price target on the stock. Chardan Capital raised their price target on Hyperliquid Strategies from $8.15 to $8.45 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wall Street Zen raised Hyperliquid Strategies to a “hold” rating in a report on Saturday, February 21st. Finally, Weiss Ratings began coverage on Hyperliquid Strategies in a research report on Monday, March 2nd. They issued a “sell (e)” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.82.
Read Our Latest Analysis on Hyperliquid Strategies
Hyperliquid Strategies Price Performance
Hyperliquid Strategies (NASDAQ:PURR – Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported ($7.43) EPS for the quarter. The company had revenue of $0.50 million during the quarter. On average, analysts anticipate that Hyperliquid Strategies Inc will post -1.15 EPS for the current fiscal year.
Institutional Trading of Hyperliquid Strategies
Large investors have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC acquired a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $40,000. XTX Topco Ltd acquired a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $48,000. Private Advisor Group LLC acquired a new position in shares of Hyperliquid Strategies during the 1st quarter valued at $83,000. Squarepoint Ops LLC acquired a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $73,000. Finally, SG Americas Securities LLC acquired a new position in shares of Hyperliquid Strategies during the 1st quarter valued at $117,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.
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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