Hyperion DeFi (NASDAQ:HYPD) Issues Quarterly Earnings Results

Hyperion DeFi (NASDAQ:HYPD) posted its earnings results on Thursday. The company reported $0.92 earnings per share (EPS) for the quarter, Zacks reports. Hyperion DeFi had a negative return on equity of 13.93% and a net margin of 416.56%.The company had revenue of $0.36 million during the quarter.

Hyperion DeFi Trading Down 3.7%

NASDAQ:HYPD traded down $0.10 on Friday, reaching $2.73. 137,744 shares of the company’s stock were exchanged, compared to its average volume of 434,194. The firm has a market capitalization of $41.31 million, a price-to-earnings ratio of -0.42 and a beta of 2.53. Hyperion DeFi has a 52-week low of $2.34 and a 52-week high of $15.00. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $2.91 and a 200-day moving average of $3.36.

Insider Buying and Selling at Hyperion DeFi

In other Hyperion DeFi news, insider Hyunsu Jung bought 7,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were purchased at an average cost of $3.70 per share, with a total value of $25,900.00. Following the purchase, the insider directly owned 1,384,676 shares in the company, valued at approximately $5,123,301.20. This represents a 0.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 7.50% of the company’s stock.

Hedge Funds Weigh In On Hyperion DeFi

Several institutional investors have recently modified their holdings of HYPD. Price T Rowe Associates Inc. MD acquired a new stake in shares of Hyperion DeFi in the fourth quarter valued at $73,000. State Street Corp acquired a new position in Hyperion DeFi during the 4th quarter worth $92,000. Geode Capital Management LLC acquired a new position in Hyperion DeFi during the 4th quarter worth $214,000. Focus Partners Advisor Solutions LLC purchased a new stake in Hyperion DeFi during the 4th quarter worth about $221,000. Finally, Jane Street Group LLC purchased a new stake in Hyperion DeFi during the 4th quarter worth about $493,000. Institutional investors and hedge funds own 25.84% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on HYPD. Zacks Research cut Hyperion DeFi from a “hold” rating to a “strong sell” rating in a report on Wednesday. Chardan Capital reaffirmed a “buy” rating and issued a $7.30 target price on shares of Hyperion DeFi in a research report on Tuesday. Cantor Fitzgerald increased their target price on shares of Hyperion DeFi from $6.60 to $7.10 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings upgraded shares of Hyperion DeFi from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.20.

Hyperion DeFi Company Profile

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.