Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Down – Should You Sell?

Hyperliquid Strategies Inc (NASDAQ:PURR) shares gapped down before the market opened on Monday . The stock had previously closed at $6.41, but opened at $6.12. Hyperliquid Strategies shares last traded at $6.1050, with a volume of 779,536 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PURR shares. Chardan Capital boosted 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. Cantor Fitzgerald raised Hyperliquid Strategies to a “strong-buy” rating in a report on Thursday, April 9th. Weiss Ratings initiated coverage on Hyperliquid Strategies in a report on Monday, March 2nd. They issued a “sell (e)” rating for the company. Finally, Wall Street Zen upgraded Hyperliquid Strategies to a “hold” rating in a research report on Saturday, February 21st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.23.

Hyperliquid Strategies Stock Down 6.6%

The business has a 50-day moving average price of $5.08. The firm has a market cap of $741.96 million, a PE ratio of -0.65 and a beta of 1.38.

Hyperliquid Strategies (NASDAQ:PURR) last released its earnings results on Wednesday, February 11th. The company reported ($7.43) earnings per share for the quarter. The company had revenue of $0.50 million during the quarter.

Hedge Funds Weigh In On Hyperliquid Strategies

Large investors have recently added to or reduced their stakes in the business. Boothbay Fund Management LLC purchased a new position in Hyperliquid Strategies during the fourth quarter worth about $40,000. XTX Topco Ltd acquired a new stake in Hyperliquid Strategies during the fourth quarter worth about $48,000. Squarepoint Ops LLC acquired a new stake in Hyperliquid Strategies during the fourth quarter worth about $73,000. Millennium Management LLC acquired a new stake in Hyperliquid Strategies during the fourth quarter worth about $87,000. Finally, Ikarian Capital LLC acquired a new stake in Hyperliquid Strategies during the fourth quarter worth about $107,000. 9.45% of the stock is currently owned by hedge funds and other institutional investors.

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.