IperionX Limited (NASDAQ:IPX - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $26.75 and last traded at $25.24, with a volume of 13349 shares trading hands. The stock had previously closed at $25.38.
Analysts Set New Price Targets
Separately, B. Riley started coverage on shares of IperionX in a research note on Thursday, October 10th. They set a "buy" rating and a $30.00 price target on the stock.
Read Our Latest Analysis on IPX
IperionX Trading Up 0.7 %
The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. The stock has a fifty day moving average price of $22.18 and a 200 day moving average price of $17.53.
Institutional Trading of IperionX
Hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp boosted its holdings in IperionX by 34.3% in the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock valued at $15,671,000 after purchasing an additional 179,650 shares during the period. Jane Street Group LLC grew its position in IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after buying an additional 15,202 shares in the last quarter. Ballentine Partners LLC bought a new position in IperionX during the third quarter valued at about $529,000. Symmetry Peak Management LLC acquired a new position in IperionX in the 3rd quarter valued at approximately $228,000. Finally, EntryPoint Capital LLC bought a new stake in shares of IperionX in the 1st quarter worth approximately $33,000. Institutional investors own 2.76% of the company's stock.
About IperionX
(
Get Free Report)
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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