IperionX (NASDAQ:IPX - Get Free Report) had its price target lowered by equities research analysts at B. Riley from $30.00 to $28.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. B. Riley's target price indicates a potential upside of 29.21% from the stock's previous close.
IperionX Stock Up 11.1 %
IPX traded up $2.17 during trading on Tuesday, hitting $21.67. 75,148 shares of the stock were exchanged, compared to its average volume of 46,203. The stock has a fifty day moving average price of $20.31 and a two-hundred day moving average price of $24.64. IperionX has a 1-year low of $12.28 and a 1-year high of $38.93. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.
Institutional Investors Weigh In On IperionX
Several large investors have recently modified their holdings of IPX. GAMMA Investing LLC boosted its holdings in shares of IperionX by 479.2% in the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock valued at $39,000 after acquiring an additional 1,816 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new position in IperionX during the fourth quarter worth $241,000. Citadel Advisors LLC acquired a new position in IperionX during the fourth quarter worth $283,000. Corigliano Investment Advisers LLC acquired a new position in shares of IperionX during the 4th quarter worth approximately $344,000. Finally, Tidal Investments LLC purchased a new position in shares of IperionX during the 3rd quarter worth $368,000. Hedge funds and other institutional investors own 2.76% of the company's stock.
About IperionX
(
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IperionX's mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX's breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.
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