Hopium SA (ALHPI.PA) fell 22.77% in pre-market trading on EURONEXT to EUR 0.016 on 28 Feb 2026 as unusually high volume hit the tape. The jump in activity makes ALHPI.PA stock the most active name in our Europe pre-market screen, with 41,290,300 shares traded versus an average of 11,300,210. We review the price move, recent fundamentals, technical signals and what that trading volume means for short-term liquidity and risk.

ALHPI.PA stock market snapshot

ALHPI.PA stock opened at EUR 0.0185 and moved to a pre-market EUR 0.016 following a EUR -0.0046 decline from the previous close EUR 0.0202. The intraday range so far is EUR 0.015 to EUR 0.020, with market cap near EUR 3,468,910 and shares outstanding 222,366,000.

Why ALHPI.PA became one of the most active pre-market stocks

Volume spiked to 41,290,300, a relative volume of 3.65, driving ALHPI.PA into the most active list as traders reacted to thin price levels and speculative flows. High relative volume at sub-penny prices often amplifies moves because a small order imbalance can shift price materially.

Fundamentals and valuation for ALHPI.PA stock

Hopium SA reports EPS 1.34 and a trailing PE of 0.01, but key metrics show stressed fundamentals including a current ratio 0.39 and negative book value per share EUR -0.254. Price-to-sales is 198.62 and enterprise value-to-sales is 512.31, signalling valuation disconnect versus any stable revenue base.

Technical indicators and trading signals

Momentum metrics show RSI 71.49 and CCI 120.81, both indicating overbought conditions before the sell-off. The 50-day average is EUR 0.007 and 200-day average is EUR 0.013, so recent price sits above both averages while ADX at 47.52 signals a strong short-term trend.

Meyka grade, forecast and analyst context

Meyka AI rates ALHPI.PA with a score out of 100: 58.93 (C+) — HOLD. This grade factors S&P 500 and sector benchmarks, sector performance, financial growth, key metrics and analyst signals. Meyka AI’s forecast model projects a monthly price near EUR 0.010, implying an approximate -35.90% downside from the current EUR 0.0156; forecasts are model-based projections and not guarantees.

Risks and short-term catalysts for ALHPI.PA

Key risks include liquidity squeezes at low nominal prices, negative equity on the balance sheet and dependency on funding to advance hydrogen car projects. Catalysts would be fresh contract wins, capital injections or clearer production timelines that can restore investor confidence in this auto-manufacturer in the consumer cyclical sector.

Final Thoughts

ALHPI.PA stock is trading as the most active pre-market name on EURONEXT on 28 Feb 2026 after a 22.77% drop to about EUR 0.016 on 41,290,300 shares. The move combines thin price levels, elevated relative volume and mixed fundamentals: EPS 1.34 coexists with negative book value EUR -0.254 and a low current ratio 0.39, which increases funding risk. Technicals flagged overbought momentum before the swing and ADX shows a strong trend that may continue while liquidity is high. Meyka AI rates ALHPI.PA 58.93 (C+) — HOLD and its forecast model projects EUR 0.010 monthly, an implied downside near 35.90% vs current price; forecasts are model-based and not guarantees. Short-term traders should watch volume and any company funding updates, while longer-term investors must weigh execution risk in Hopium SA’s hydrogen vehicle strategy against sizeable valuation and balance-sheet red flags. For company data visit Hopium and for listing details see Euronext. Meyka AI provides this as an AI-powered market analysis platform and not investment advice.

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Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.