IperionX Limited (NASDAQ:IPX - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $30.19, but opened at $28.18. IperionX shares last traded at $28.00, with a volume of 26,886 shares trading hands.
Wall Street Analyst Weigh In
Separately, B. Riley started coverage on IperionX in a report on Thursday, October 10th. They issued a "buy" rating and a $30.00 price target on the stock.
Read Our Latest Stock Analysis on IperionX
IperionX Stock Performance
The firm's 50 day simple moving average is $29.27 and its 200 day simple moving average is $22.12. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.
Hedge Funds Weigh In On IperionX
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new stake in shares of IperionX during the 3rd quarter worth approximately $529,000. Symmetry Peak Management LLC purchased a new stake in IperionX during the third quarter valued at $228,000. 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 valued at $15,671,000 after purchasing an additional 179,650 shares during the last quarter. Jane Street Group LLC grew its stake in shares of IperionX by 134.2% in the 3rd 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. Finally, Tidal Investments LLC bought a new stake in shares of IperionX in the 3rd quarter worth about $368,000. 2.76% of the stock is owned by institutional investors.
IperionX Company Profile
(
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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