IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report)'s stock price reached a new 52-week high on Thursday . The stock traded as high as $40.80 and last traded at $40.41, with a volume of 84896 shares changing hands. The stock had previously closed at $36.25.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Wall Street Zen upgraded shares of IperionX from a "sell" rating to a "hold" rating in a report on Friday, June 6th. B. Riley lowered their price objective on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd.
Get Our Latest Analysis on IperionX
IperionX Stock Up 12.7%
The business's fifty day moving average is $27.93 and its 200-day moving average is $24.50.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Thomist Capital Management LP purchased a new position in IperionX in the fourth quarter valued at about $32,305,000. Stifel Financial Corp raised its position in shares of IperionX by 27.9% during the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock valued at $30,968,000 after buying an additional 196,558 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in IperionX in the first quarter worth approximately $477,000. Mercer Global Advisors Inc. ADV bought a new position in IperionX during the 4th quarter worth approximately $602,000. Finally, Marshall Wace LLP bought a new stake in shares of IperionX in the 4th quarter worth approximately $465,000. 2.76% of the stock is 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.
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