Hyperion DeFi (NASDAQ:HYPD) Trading Down 2.2% – Should You Sell?

Shares of Hyperion DeFi, Inc. (NASDAQ:HYPD) traded down 2.2% during mid-day trading on Thursday . The company traded as low as $2.60 and last traded at $2.67. 108,444 shares changed hands during trading, a decline of 52% from the average daily volume of 226,529 shares. The stock had previously closed at $2.73.

Analysts Set New Price Targets

A number of brokerages have recently commented on HYPD. Cantor Fitzgerald lifted their target price on Hyperion DeFi from $4.00 to $6.60 and gave the stock an “overweight” rating in a report on Wednesday, July 1st. Chardan Capital decreased their price target on Hyperion DeFi from $8.25 to $7.30 and set a “buy” rating on the stock in a report on Monday, June 8th. Weiss Ratings raised shares of Hyperion DeFi from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Finally, Zacks Research upgraded shares of Hyperion DeFi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $6.95.

Hyperion DeFi Stock Performance

The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.37. The stock has a market cap of $40.48 million, a P/E ratio of -0.27 and a beta of 2.53.

Insiders Place Their Bets

In other Hyperion DeFi news, insider Hyunsu Jung bought 7,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was acquired at an average cost of $3.70 per share, for a total transaction of $25,900.00. Following the completion of the transaction, the insider owned 1,384,676 shares in the company, valued at $5,123,301.20. This trade represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 7.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HYPD. Redwood Wealth Management Group LLC lifted its holdings in Hyperion DeFi by 2.1% during the 1st quarter. Redwood Wealth Management Group LLC now owns 183,273 shares of the company’s stock valued at $632,000 after buying an additional 3,690 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in Hyperion DeFi in the 4th quarter worth about $73,000. State Street Corp purchased a new position in shares of Hyperion DeFi during the fourth quarter worth approximately $92,000. Jane Street Group LLC purchased a new position in shares of Hyperion DeFi during the fourth quarter worth approximately $493,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Hyperion DeFi during the fourth quarter worth approximately $663,000. 25.84% of the stock is currently owned by institutional investors.

Hyperion DeFi Company Profile

Eyenovia, Inc, an ophthalmic technology company, engages in the development of therapeutics based on its proprietary microdose array print platform technology. The company's product candidates include MicroPine, which is in Phase III clinical development program with indications for pediatric myopia progression (near-sightedness); MicroLine, which is in Phase III clinical development program with indications for the improvement in near vision in people with presbyopia; and Mydcombi, which is in Phase III clinical development program with indications for pharmaceutical mydriasis.