IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price fell 3.8% during mid-day trading on Thursday . The stock traded as low as $26.81 and last traded at $27.08. 4,928 shares traded hands during trading, a decline of 90% from the average session volume of 51,077 shares. The stock had previously closed at $28.14.
Wall Street Analysts Forecast Growth
IPX has been the topic of a number of research analyst reports. B. Riley decreased their target price on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Wall Street Zen raised shares of IperionX from a "sell" rating to a "hold" rating in a research note on Friday, June 6th.
View Our Latest Analysis on IperionX
IperionX Price Performance
The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. The company has a 50 day simple moving average of $21.72 and a 200-day simple moving average of $24.35.
Institutional Trading of IperionX
A number of hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of IperionX by 479.2% during the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock worth $39,000 after acquiring an additional 1,816 shares in the last quarter. Bank of America Corp DE boosted its position in IperionX by 15.8% during the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after buying an additional 3,293 shares during the period. Atlantic Union Bankshares Corp purchased a new position in shares of IperionX in the fourth quarter worth about $241,000. Citadel Advisors LLC purchased a new position in shares of IperionX in the fourth quarter worth about $283,000. Finally, Corigliano Investment Advisers LLC bought a new stake in shares of IperionX in the 4th quarter valued at about $344,000. Institutional investors own 2.76% of the company's stock.
About IperionX
(
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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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