Hyperliquid Strategies (NASDAQ:PURR) Sets New 52-Week High – Should You Buy?

Hyperliquid Strategies Inc (NASDAQ:PURR)’s stock price reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $14.47 and last traded at $14.09, with a volume of 57462678 shares traded. The stock had previously closed at $12.83.

Analyst Upgrades and Downgrades

PURR has been the topic of a number of research analyst reports. Cantor Fitzgerald boosted their price target on Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Chardan Capital increased their price objective on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a report on Friday, August 28th. Wall Street Zen cut shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Compass Point initiated coverage on shares of Hyperliquid Strategies in a report on Monday, September 14th. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $19.80.

Hyperliquid Strategies Price Performance

The company has a market capitalization of $3.35 billion, a PE ratio of -2.19 and a beta of 1.89. The business has a 50-day moving average of $9.01 and a 200 day moving average of $7.70.

Institutional Trading of Hyperliquid Strategies

Several hedge funds have recently modified their holdings of PURR. BlackRock Inc. bought a new position in shares of Hyperliquid Strategies during the 2nd quarter valued at approximately $79,842,000. Paradigm Operations LP bought a new stake in Hyperliquid Strategies in the fourth quarter worth $20,327,000. OLP CAPITAL MANAGEMENT Ltd purchased a new stake in Hyperliquid Strategies during the first quarter valued at $10,459,000. 683 Capital Management LLC purchased a new stake in Hyperliquid Strategies during the fourth quarter valued at $5,660,000. Finally, Arrington Capital Management LLC bought a new position in Hyperliquid Strategies during the fourth quarter valued at $4,557,000. 9.45% of the stock is owned by hedge funds and other institutional investors.

About Hyperliquid Strategies