IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report)'s stock price traded down 2.6% on Friday . The stock traded as low as $34.14 and last traded at $34.24. 6,285 shares traded hands during trading, a decline of 91% from the average session volume of 70,781 shares. The stock had previously closed at $35.16.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. B. Riley cut their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a report on Friday, June 6th.
Check Out Our Latest Stock Report on IPX
IperionX Trading Down 3.0%
The company has a fifty day moving average price of $26.92 and a two-hundred day moving average price of $24.50.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in IPX. Thomist Capital Management LP bought a new stake in shares of IperionX during the 4th quarter worth approximately $32,305,000. Stifel Financial Corp grew its holdings in IperionX by 27.9% in 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 acquired a new position in IperionX in the 1st quarter valued at $477,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of IperionX during the 4th quarter worth $602,000. Finally, Marshall Wace LLP acquired a new stake in shares of IperionX during the 4th quarter worth $465,000. 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.
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