Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – Here’s What Happened

Hyperliquid Strategies Inc (NASDAQ:PURR)’s share price gapped up before the market opened on Monday . The stock had previously closed at $9.99, but opened at $11.62. Hyperliquid Strategies shares last traded at $10.6850, with a volume of 9,589,334 shares traded.

Analyst Upgrades and Downgrades

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

Hyperliquid Strategies Stock Up 6.3%

The company has a market cap of $1.53 billion, a PE ratio of -1.44 and a beta of 1.64. The stock has a 50 day simple moving average of $6.33.

Hyperliquid Strategies (NASDAQ:PURR) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $2.63 million for the quarter. On average, equities research analysts anticipate that Hyperliquid Strategies Inc will post -0.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

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

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.