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

Hyperliquid Strategies Inc (NASDAQ:PURR) saw unusually large options trading activity on Wednesday. Stock traders bought 37,228 call options on the stock. This represents an increase of approximately 89% compared to the average daily volume of 19,724 call options.

Hyperliquid Strategies Stock Performance

Shares of Hyperliquid Strategies stock opened at $8.18 on Wednesday. Hyperliquid Strategies has a 12-month low of $3.01 and a 12-month high of $11.62. The stock has a market capitalization of $1.18 billion, a PE ratio of -1.11 and a beta of 1.66. The firm has a 50-day moving average of $8.11.

Hyperliquid Strategies (NASDAQ:PURR) last announced its quarterly earnings results on Thursday, May 7th. The company reported $1.01 EPS for the quarter. The firm had revenue of $2.63 million for the quarter. On average, research analysts predict that Hyperliquid Strategies will post 2.1 earnings per share for the current fiscal year.

Institutional Trading of Hyperliquid Strategies

Several large investors have recently bought and sold shares of the company. Boothbay Fund Management LLC purchased a new position in shares of Hyperliquid Strategies in the fourth quarter valued at $40,000. XTX Topco Ltd purchased a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $48,000. Squarepoint Ops LLC acquired a new stake in Hyperliquid Strategies in the 4th quarter valued at about $73,000. Private Advisor Group LLC acquired a new stake in Hyperliquid Strategies in the 1st quarter valued at about $83,000. Finally, Millennium Management LLC purchased a new position in Hyperliquid Strategies during the 4th quarter valued at about $87,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on PURR shares. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Maxim Group started coverage on Hyperliquid Strategies in a research report on Friday, April 24th. They set a “buy” rating and a $10.00 target price on the stock. Chardan Capital reissued a “buy” rating and set a $9.75 target price on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Finally, Cantor Fitzgerald raised their price target on Hyperliquid Strategies from $8.00 to $18.40 and gave the company an “overweight” rating in a report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $12.72.

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.