IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price dropped 4.3% on Thursday . The stock traded as low as $27.25 and last traded at $27.25. Approximately 8,723 shares were traded during trading, a decline of 87% from the average daily volume of 65,556 shares. The stock had previously closed at $28.47.
Wall Street Analysts Forecast Growth
Separately, B. Riley began coverage on IperionX in a research note on Thursday, October 10th. They issued a "buy" rating and a $30.00 price objective for the company.
Read Our Latest Analysis on IPX
IperionX Trading Down 1.4 %
The firm's fifty day moving average price is $29.41 and its 200 day moving average price is $22.24. 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
Hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp raised its stake in shares of IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock valued at $15,671,000 after buying an additional 179,650 shares during the last quarter. Ballentine Partners LLC acquired a new stake in IperionX during the third quarter worth about $529,000. Tidal Investments LLC purchased a new position in IperionX during the third quarter valued at approximately $368,000. Jane Street Group LLC boosted its position in 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 purchasing an additional 15,202 shares in the last quarter. Finally, Symmetry Peak Management LLC acquired a new stake in shares of IperionX during the 3rd quarter worth approximately $228,000. 2.76% of the stock is owned by hedge funds and other 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.
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