Hyperion DeFi (NASDAQ:HYPD) Stock Falls 6.1% – What’s Next?

Shares of Hyperion DeFi, Inc. (NASDAQ:HYPD) traded down 6.1% during mid-day trading on Thursday. The company traded as low as $3.27 and last traded at $3.37. 310,034 shares were traded during mid-day trading, a decline of 40% from the average daily volume of 516,632 shares. The stock had previously closed at $3.59.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HYPD. Chardan Capital raised their target price on Hyperion DeFi from $7.30 to $8.45 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Zacks Research raised Hyperion DeFi from a “strong sell” rating to a “hold” rating in a report on Thursday, September 10th. Weiss Ratings raised shares of Hyperion DeFi from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.20 target price (up from $7.10) on shares of Hyperion DeFi in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.82.

Hyperion DeFi Price Performance

The firm has a market cap of $52.84 million, a P/E ratio of -0.52 and a beta of 2.51. The company has a 50 day moving average of $3.35 and a two-hundred day moving average of $3.35. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.06.

Hyperion DeFi (NASDAQ:HYPD) last posted its earnings results on Thursday, August 13th. The company reported $0.92 EPS for the quarter. The company had revenue of $0.36 million during the quarter. Hyperion DeFi had a net margin of 416.56% and a negative return on equity of 11.62%. Sell-side analysts expect that Hyperion DeFi, Inc. will post 8.40 EPS for the current year.

Hedge Funds Weigh In On Hyperion DeFi

An institutional investor recently raised its stake in Hyperion DeFi stock. Redwood Wealth Management Group LLC grew its stake in Hyperion DeFi, Inc. (NASDAQ:HYPD) by 2.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 183,273 shares of the company’s stock after buying an additional 3,690 shares during the period. Redwood Wealth Management Group LLC owned approximately 1.61% of Hyperion DeFi worth $632,000 as of its most recent SEC filing. Institutional investors and hedge funds own 25.84% of the company’s stock.

Hyperion DeFi Company Profile

Hyperion DeFi, Inc is a digital asset treasury company focused on the Hyperliquid ecosystem. The company’s principal strategy is to acquire and hold HYPE, the native token of the Hyperliquid blockchain and decentralized trading platform, providing shareholders with exposure to the growth of that digital asset ecosystem.

In addition to maintaining a HYPE treasury, Hyperion DeFi may support the broader Hyperliquid network through activities such as staking, delegation and ecosystem participation.