Traders Purchase High Volume of Hyperliquid Strategies Call Options (NASDAQ:PURR)

Hyperliquid Strategies Inc (NASDAQ:PURR) was the recipient of unusually large options trading on Thursday. Stock investors bought 16,824 call options on the stock. This is an increase of approximately 34% compared to the typical volume of 12,567 call options.

Hyperliquid Strategies Price Performance

NASDAQ:PURR traded down $0.63 during mid-day trading on Thursday, hitting $9.74. 12,680,034 shares of the company’s stock were exchanged, compared to its average volume of 6,995,848. The stock’s 50 day moving average is $6.65. Hyperliquid Strategies has a fifty-two week low of $3.01 and a fifty-two week high of $11.62. The company has a market cap of $1.41 billion, a price-to-earnings ratio of -1.32 and a beta of 1.64.

Hyperliquid Strategies (NASDAQ:PURR) last posted its earnings results on Thursday, May 7th. The company reported $1.01 EPS for the quarter. The business had revenue of $2.63 million for the quarter. On average, analysts forecast that Hyperliquid Strategies will post -0.75 earnings per share for the current year.

Analyst Ratings Changes

PURR has been the subject of several research analyst reports. Wall Street Zen raised Hyperliquid Strategies to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings raised Hyperliquid Strategies from a “sell (e)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Cantor Fitzgerald upped their price objective on Hyperliquid Strategies from $6.00 to $8.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Maxim Group began coverage on shares of Hyperliquid Strategies in a research report on Friday, April 24th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Chardan Capital lifted their target price on shares of Hyperliquid Strategies from $8.45 to $9.75 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Three research 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $9.25.

Institutional Trading of Hyperliquid Strategies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PURR. Millennium Management LLC acquired a new stake in shares of Hyperliquid Strategies during the 4th quarter worth approximately $87,000. Squarepoint Ops LLC acquired a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $73,000. XTX Topco Ltd acquired a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $48,000. Boothbay Fund Management LLC acquired a new position in shares of Hyperliquid Strategies during the 4th quarter valued at $40,000. Finally, Bank of Nova Scotia acquired a new position in shares of Hyperliquid Strategies during the 1st quarter valued at $204,000. 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.