IperionX Limited (NASDAQ:IPX - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $23.26, but opened at $24.50. IperionX shares last traded at $24.50, with a volume of 8,826 shares traded.
Analyst Upgrades and Downgrades
Separately, B. Riley initiated coverage on shares of IperionX in a report on Thursday, October 10th. They issued a "buy" rating and a $30.00 target price on the stock.
Check Out Our Latest Analysis on IperionX
IperionX Trading Up 7.4 %
The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The stock's fifty day simple moving average is $21.21 and its 200-day simple moving average is $16.94.
Institutional Investors Weigh In On IperionX
A number of hedge funds have recently made changes to their positions in IPX. EntryPoint Capital LLC bought a new stake in IperionX during the first quarter worth approximately $33,000. Ballentine Partners LLC bought a new stake in IperionX during the third quarter worth approximately $529,000. Finally, B. Riley Financial Inc. raised its holdings in IperionX by 3.3% during the first quarter. B. Riley Financial Inc. now owns 337,762 shares of the company's stock worth $5,036,000 after purchasing an additional 10,684 shares in the last quarter. Institutional investors own 2.76% of the company's stock.
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.
Featured Stories
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 where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
