Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Down – Time to Sell?

Hyperliquid Strategies Inc (NASDAQ:PURR)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $6.38, but opened at $5.71. Hyperliquid Strategies shares last traded at $5.8070, with a volume of 2,317,795 shares.

Analyst Ratings Changes

PURR has been the subject of a number of analyst reports. Chardan Capital boosted their price objective on Hyperliquid Strategies from $8.15 to $8.45 and gave the company a “buy” rating in a research report on Thursday, February 12th. Weiss Ratings began coverage on Hyperliquid Strategies in a research note on Monday, March 2nd. They issued a “sell (e)” rating on the stock. Wall Street Zen raised shares of Hyperliquid Strategies to a “hold” rating in a report on Saturday, February 21st. Finally, Cantor Fitzgerald upped their price target on shares of Hyperliquid Strategies from $5.00 to $6.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hyperliquid Strategies currently has a consensus rating of “Hold” and a consensus target price of $7.23.

Hyperliquid Strategies Price Performance

The firm has a market cap of $644.64 million, a price-to-earnings ratio of -0.56 and a beta of 1.58.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Boothbay Fund Management LLC bought a new stake in Hyperliquid Strategies during the fourth quarter worth approximately $40,000. XTX Topco Ltd acquired a new stake in Hyperliquid Strategies during the 4th quarter worth about $48,000. Squarepoint Ops LLC acquired a new stake in Hyperliquid Strategies during the 4th quarter worth about $73,000. Millennium Management LLC purchased a new position in Hyperliquid Strategies during the 4th quarter valued at about $87,000. Finally, Ikarian Capital LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at about $107,000. 9.45% of the stock is currently owned by 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.