Hyperion DeFi (NASDAQ:HYPD) Stock Price Down 6.1% – Should You Sell?

Hyperion DeFi, Inc. (NASDAQ:HYPD)’s stock price fell 6.1% during mid-day trading on Thursday. The company traded as low as $3.27 and last traded at $3.37. 310,034 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 516,632 shares. The stock had previously closed at $3.59.

Wall Street Analysts Forecast Growth

HYPD has been the topic of a number of analyst reports. Weiss Ratings raised shares of Hyperion DeFi from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $11.20 target price (up from $7.10) on shares of Hyperion DeFi in a research note on Thursday, September 10th. Zacks Research raised shares of Hyperion DeFi from a “strong sell” rating to a “hold” rating in a report on Thursday, September 10th. Finally, Chardan Capital raised their price target on shares of Hyperion DeFi from $7.30 to $8.45 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hyperion DeFi presently has an average rating of “Hold” and a consensus price target of $9.82.

Hyperion DeFi Stock Down 6.1%

The company has a market cap of $52.37 million, a price-to-earnings ratio of -0.52 and a beta of 2.51. The business has a fifty day moving average of $3.33 and a two-hundred day moving average of $3.35. The company has a current ratio of 2.34, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.

Hyperion DeFi (NASDAQ:HYPD) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.92 EPS for the quarter. The company had revenue of $0.36 million for the quarter. Hyperion DeFi had a negative return on equity of 11.62% and a net margin of 416.56%. As a group, equities analysts anticipate that Hyperion DeFi, Inc. will post 8.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Hyperion DeFi

A hedge fund recently raised its position in Hyperion DeFi stock. Redwood Wealth Management Group LLC increased its stake in Hyperion DeFi, Inc. (NASDAQ:HYPD) by 2.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,273 shares of the company’s stock after acquiring an additional 3,690 shares during the quarter. Redwood Wealth Management Group LLC owned approximately 1.61% of Hyperion DeFi worth $632,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 25.84% of the company’s stock.

About Hyperion DeFi

Hyperion DeFi, Inc is a digital asset treasury company focused on the Hyperliquid ecosystem. The company’s principal strategy is to acquire and hold HYPE, the native token of the Hyperliquid blockchain and decentralized trading platform, providing shareholders with exposure to the growth of that digital asset ecosystem.

In addition to maintaining a HYPE treasury, Hyperion DeFi may support the broader Hyperliquid network through activities such as staking, delegation and ecosystem participation.