IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report)'s stock price fell 2.6% during mid-day trading on Friday . The company traded as low as $34.14 and last traded at $34.24. 6,285 shares were traded during mid-day trading, a decline of 91% from the average session volume of 70,781 shares. The stock had previously closed at $35.16.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on IPX. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a report on Friday, June 6th. B. Riley cut their target price on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.
View Our Latest Stock Report on IperionX
IperionX Price Performance
The stock has a fifty day simple moving average of $27.13 and a two-hundred day simple moving average of $24.35.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in IperionX by 684.4% in the 2nd quarter. GAMMA Investing LLC now owns 957 shares of the company's stock valued at $30,000 after acquiring an additional 835 shares during the last quarter. Citadel Advisors LLC purchased a new stake in IperionX during the 4th quarter worth $283,000. Corigliano Investment Advisers LLC purchased a new stake in IperionX during the 4th quarter worth $344,000. Marshall Wace LLP purchased a new stake in IperionX during the 4th quarter worth $465,000. Finally, OLD Mission Capital LLC purchased a new stake in IperionX during the 1st quarter worth $477,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.
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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