Hyperion DeFi (NASDAQ:HYPD) Issues Earnings Results

Hyperion DeFi (NASDAQ:HYPD) posted its quarterly earnings results on Thursday. The company reported $1.23 earnings per share for the quarter, FiscalAI reports. The business had revenue of $0.81 million for the quarter. Hyperion DeFi had a negative return on equity of 11.62% and a net margin of 416.56%.

Hyperion DeFi Stock Up 0.4%

Shares of HYPD traded up $0.01 on Thursday, reaching $2.72. The company’s stock had a trading volume of 157,539 shares, compared to its average volume of 444,202. 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 has a twelve month low of $2.34 and a twelve month high of $5.63. The stock has a market capitalization of $42.27 million, a PE ratio of -0.42 and a beta of 2.74. The firm has a fifty day moving average of $3.34 and a 200-day moving average of $3.33.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Hyperion DeFi

A hedge fund recently bought a new stake in Hyperion DeFi stock. R Squared Ltd acquired a new position in shares of Hyperion DeFi, Inc. (NASDAQ:HYPD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 19,355 shares of the company’s stock, valued at approximately $72,000. R Squared Ltd owned approximately 0.12% of Hyperion DeFi as of its most recent filing with the Securities and Exchange Commission. 25.84% of the stock is owned by institutional investors.

Hyperion DeFi Company Profile

Hyperion DeFi, Inc. (NASDAQ:HYPD) is a digital asset and decentralized finance company focused on developing a treasury strategy centered on blockchain-based assets. Its activities are tied to the broader decentralized finance ecosystem, including the acquisition, management and potential use of digital assets and related blockchain technologies. The company’s strategy is associated with the Hyperliquid ecosystem and its native HYPE token. Hyperion DeFi may seek to generate value through holding digital assets, participating in blockchain networks and evaluating opportunities involving decentralized applications and financial services.