Hyperliquid Strategies Inc (NASDAQ:PURR - Get Free Report) shares hit a new 52-week high during trading on Saturday . The company traded as high as $14.47 and last traded at $14.09, with a volume of 57462678 shares changing hands. The stock had previously closed at $12.83.
Wall Street Analysts Forecast Growth
PURR has been the topic of a number of recent analyst reports. Compass Point began coverage on Hyperliquid Strategies in a report on Monday. They set a "buy" rating and a $18.00 price target on the stock. Weiss Ratings upgraded shares of Hyperliquid Strategies from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 28th. Cantor Fitzgerald boosted their price target 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. Wall Street Zen cut Hyperliquid Strategies from a "hold" rating to a "sell" rating in a research note on Saturday, August 29th. Finally, Chardan Capital increased their price target on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $19.80.
View Our Latest Research Report on PURR
Hyperliquid Strategies Stock Performance
The company's 50-day moving average price is $9.01 and its 200 day moving average price is $7.68. The stock has a market cap of $3.35 billion, a PE ratio of -2.19 and a beta of 1.89.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of PURR. Galaxy Digital Inc. purchased a new position in Hyperliquid Strategies in the 1st quarter valued at about $4,581,000. Militia Capital Management LLC purchased a new stake in Hyperliquid Strategies during the 1st quarter worth approximately $3,323,000. OLP CAPITAL MANAGEMENT Ltd purchased a new stake in Hyperliquid Strategies during the 1st quarter worth approximately $10,459,000. Maplelane Capital LLC acquired a new position in shares of Hyperliquid Strategies during the first quarter valued at approximately $2,927,000. Finally, Wellington Management Group LLP acquired a new position in shares of Hyperliquid Strategies during the second quarter valued at approximately $716,000. Institutional investors own 9.45% of the company's stock.
Hyperliquid Strategies Company Profile
(
Get Free Report)
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Hyperliquid Strategies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hyperliquid Strategies wasn't on the list.
While Hyperliquid Strategies currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Click the link to see our list of which EV stocks show the most long-term potential.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
