Hyperion DeFi (NASDAQ:HYPD) Shares Up 0.2% - Here's Why

Key Points

• Hyperion DeFi's stock traded up 0.2%, reaching a last trading price of $12.28 with increased trading volume of 1,451,825 shares compared to the average of 977,041 shares.
• Wall Street Zen downgraded Hyperion DeFi from a "hold" rating to a "sell" rating, with the stock currently holding an average rating of "Hold" and a consensus price target of $2.00.
• The company reported a negative earnings per share of ($2.50) for the last quarter and is forecasted to post a further -41.6 earnings per share for the current year.

Hyperion DeFi, Inc. (NASDAQ:HYPD - Get Free Report)'s stock price traded up 0.2% on Thursday . The stock traded as high as $13.71 and last traded at $12.28. 1,451,825 shares traded hands during mid-day trading, an increase of 49% from the average session volume of 977,041 shares. The stock had previously closed at $12.26.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Hyperion DeFi from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $2.00.

Hyperion DeFi Stock Down 9.3%

The company has a debt-to-equity ratio of 0.20, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50-day moving average price of $8.65 and a 200 day moving average price of $5.26. The firm has a market capitalization of $58.26 million, a PE ratio of -0.18 and a beta of 2.50.

Hyperion DeFi (NASDAQ:HYPD - Get Free Report) last released its earnings results on Wednesday, August 13th. The company reported ($2.50) EPS for the quarter. Hyperion DeFi had a negative net margin of 62,238.41% and a negative return on equity of 876.25%. Analysts forecast that Hyperion DeFi, Inc. will post -41.6 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Hyperion DeFi stock. Virtu Financial LLC purchased a new stake in Hyperion DeFi, Inc. (NASDAQ:HYPD - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,065 shares of the company's stock, valued at approximately $25,000. Virtu Financial LLC owned about 0.82% of Hyperion DeFi at the end of the most recent reporting period. 25.84% of the stock is owned by institutional investors.

About Hyperion DeFi

Eyenovia, Inc, an ophthalmic technology company, engages in the development of therapeutics based on its proprietary microdose array print platform technology. The company's product candidates include MicroPine, which is in Phase III clinical development program with indications for pediatric myopia progression (near-sightedness); MicroLine, which is in Phase III clinical development program with indications for the improvement in near vision in people with presbyopia; and Mydcombi, which is in Phase III clinical development program with indications for pharmaceutical mydriasis.