IperionX Limited (NASDAQ:IPX - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $38.02, but opened at $36.19. IperionX shares last traded at $35.03, with a volume of 34,436 shares.
Wall Street Analysts Forecast Growth
Separately, B. Riley initiated coverage on IperionX in a research note on Thursday, October 10th. They issued a "buy" rating and a $30.00 price target for the company.
Read Our Latest Research Report on IperionX
IperionX Stock Down 9.5 %
The firm's 50 day simple moving average is $26.71 and its two-hundred day simple moving average is $20.55. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.
Institutional Investors Weigh In On IperionX
Several institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp lifted its position in IperionX by 34.3% during the third quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after purchasing an additional 179,650 shares during the period. Jane Street Group LLC lifted its holdings in shares of IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after acquiring an additional 15,202 shares during the period. Ballentine Partners LLC acquired a new stake in shares of IperionX during the 3rd quarter worth approximately $529,000. Tidal Investments LLC bought a new position in IperionX in the third quarter valued at approximately $368,000. Finally, Symmetry Peak Management LLC acquired a new position in IperionX during the third quarter valued at approximately $228,000. 2.76% of the stock is currently owned by institutional investors.
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.
Further Reading
Before you consider IperionX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IperionX wasn't on the list.
While IperionX currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
