Brokerages Set Hyperion DeFi, Inc. (NASDAQ:HYPD) Target Price at $4.58

Shares of Hyperion DeFi, Inc. (NASDAQ:HYPD) have been assigned an average rating of “Hold” from the five brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $4.5833.

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Hyperion DeFi from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Zacks Research upgraded Hyperion DeFi to a “hold” rating in a research note on Monday, December 29th. Chardan Capital set a $7.75 price objective on Hyperion DeFi and gave the company a “buy” rating in a research report on Wednesday, December 24th. Cantor Fitzgerald assumed coverage on Hyperion DeFi in a research note on Tuesday, December 16th. They set an “overweight” rating and a $4.00 target price for the company. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Hyperion DeFi in a research note on Wednesday, October 8th.

Insider Buying and Selling at Hyperion DeFi

In related news, Director Happy David Walters acquired 61,930 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $3.02 per share, with a total value of $187,028.60. Following the completion of the transaction, the director directly owned 111,930 shares of the company’s stock, valued at $338,028.60. This trade represents a 123.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ellen R. Strahlman bought 19,702 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were bought at an average price of $3.14 per share, with a total value of $61,864.28. Following the purchase, the director owned 95,150 shares in the company, valued at $298,771. The trade was a 26.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 161,254 shares of company stock worth $511,126 over the last ninety days. Insiders own 10.86% of the company’s stock.

Hyperion DeFi Price Performance

NASDAQ:HYPD opened at $3.58 on Wednesday. The stock has a market capitalization of $29.25 million, a PE ratio of -0.89 and a beta of 2.69. Hyperion DeFi has a 1-year low of $0.85 and a 1-year high of $17.18. The firm has a fifty day simple moving average of $4.54 and a 200 day simple moving average of $7.55. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.11.

Hyperion DeFi (NASDAQ:HYPD) last announced its quarterly earnings results on Friday, November 14th. The company reported $0.05 EPS for the quarter. The firm had revenue of $0.36 million during the quarter. On average, research analysts expect that Hyperion DeFi will post -41.6 EPS for the current fiscal year.

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.