Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Down – What’s Next?

Hyperliquid Strategies Inc (NASDAQ:PURR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $11.85, but opened at $11.33. Hyperliquid Strategies shares last traded at $11.1890, with a volume of 3,017,681 shares trading hands.

Wall Street Analysts Forecast Growth

PURR has been the subject of several research reports. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 28th. Chardan Capital boosted their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Compass Point assumed coverage on shares of Hyperliquid Strategies in a research note on Monday. They set a “buy” rating and a $18.00 price objective for the company. Wall Street Zen cut shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Finally, Cantor Fitzgerald upped their target price on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.80.

Hyperliquid Strategies Trading Down 5.6%

The company’s 50 day simple moving average is $8.64 and its 200-day simple moving average is $7.48. The firm has a market cap of $2.21 billion, a P/E ratio of -1.75 and a beta of 1.89.

Institutional Investors Weigh In On Hyperliquid Strategies

A number of hedge funds have recently modified their holdings of the business. State of Wyoming bought a new position in Hyperliquid Strategies in the 2nd quarter worth $46,000. Shepherd Financial Partners LLC purchased a new stake in Hyperliquid Strategies in the 2nd quarter worth $79,000. Lotus Technology Management LP bought a new stake in Hyperliquid Strategies during the second quarter valued at about $93,000. Baird Financial Group Inc. bought a new stake in Hyperliquid Strategies during the second quarter valued at about $111,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Hyperliquid Strategies in the second quarter valued at about $125,000. Institutional investors own 9.45% of the company’s stock.

About Hyperliquid Strategies