IperionX Limited (NASDAQ:IPX - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $25.50 and last traded at $24.72, with a volume of 21120 shares trading hands. The stock had previously closed at $24.76.
Analysts Set New Price Targets
Several research analysts have weighed in on IPX shares. ThinkEquity raised shares of IperionX to a "strong-buy" rating in a report on Tuesday, June 25th. B. Riley started coverage on IperionX in a report on Thursday. They issued a "buy" rating and a $30.00 price objective for the company.
Check Out Our Latest Research Report on IperionX
IperionX Price Performance
The stock has a 50 day simple moving average of $18.28 and a 200 day simple moving average of $15.86. 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 hedge fund recently raised its stake in IperionX stock. B. Riley Financial Inc. increased its holdings in IperionX Limited (NASDAQ:IPX - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 337,762 shares of the company's stock after buying an additional 10,684 shares during the quarter. IperionX comprises 4.9% of B. Riley Financial Inc.'s portfolio, making the stock its 4th largest holding. B. Riley Financial Inc. owned about 1.48% of IperionX worth $5,036,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.76% of the company's stock.
IperionX Company Profile
(
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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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