Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – Should You Buy?

Hyperliquid Strategies Inc (NASDAQ:PURR) gapped up before the market opened on Tuesday . The stock had previously closed at $7.67, but opened at $8.37. Hyperliquid Strategies shares last traded at $8.69, with a volume of 3,163,045 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Chardan Capital boosted their target price on Hyperliquid Strategies from $8.45 to $9.75 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Maxim Group initiated coverage on Hyperliquid Strategies in a report on Friday, April 24th. They set a “buy” rating and a $10.00 price target on the stock. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (e)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Wall Street Zen upgraded shares of Hyperliquid Strategies to a “hold” rating in a research note on Saturday, February 21st. Finally, Cantor Fitzgerald upped their price objective on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Hyperliquid Strategies Stock Up 13.4%

The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -1.18 and a beta of 1.44. The company has a 50 day moving average price of $6.10.

Hyperliquid Strategies (NASDAQ:PURR) last released its earnings results on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The business had revenue of $2.63 million during the quarter. As a group, analysts forecast that Hyperliquid Strategies Inc will post -0.75 earnings per share for the current fiscal year.

Institutional Trading of Hyperliquid Strategies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC acquired a new stake in Hyperliquid Strategies in the 4th quarter valued at approximately $40,000. XTX Topco Ltd acquired a new stake in Hyperliquid Strategies in the 4th quarter valued at approximately $48,000. Private Advisor Group LLC acquired a new stake in Hyperliquid Strategies in the 1st quarter valued at approximately $83,000. Squarepoint Ops LLC acquired a new stake in Hyperliquid Strategies during the fourth quarter worth about $73,000. Finally, SG Americas Securities LLC acquired a new stake in Hyperliquid Strategies during the first quarter worth about $117,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Hyperliquid Strategies Company Profile

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.