Hyperliquid Strategies (NASDAQ:PURR) Sets New 1-Year High – Should You Buy?

Hyperliquid Strategies Inc (NASDAQ:PURR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $9.13 and last traded at $8.45, with a volume of 18836588 shares traded. The stock had previously closed at $7.67.

Wall Street Analysts Forecast Growth

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

Hyperliquid Strategies Stock Performance

The stock has a market cap of $1.23 billion, a P/E ratio of -1.16 and a beta of 1.44. The company has a 50-day simple moving average of $6.26.

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

Institutional Investors Weigh In On Hyperliquid Strategies

Several large investors have recently modified their holdings of PURR. OLP CAPITAL MANAGEMENT Ltd acquired a new stake in shares of Hyperliquid Strategies in the first quarter valued at approximately $10,459,000. Bank of America Corp DE raised its holdings in shares of Hyperliquid Strategies by 896.4% in the first quarter. Bank of America Corp DE now owns 238,080 shares of the company’s stock valued at $1,212,000 after purchasing an additional 214,187 shares during the last quarter. Maplelane Capital LLC acquired a new stake in shares of Hyperliquid Strategies in the first quarter valued at approximately $2,927,000. Galaxy Digital Inc. acquired a new stake in shares of Hyperliquid Strategies in the first quarter valued at approximately $4,581,000. Finally, Bank of Nova Scotia acquired a new stake in shares of Hyperliquid Strategies in the first quarter valued at approximately $204,000. 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.