IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $24.43, but opened at $23.45. IperionX shares last traded at $22.58, with a volume of 10,974 shares.
Wall Street Analysts Forecast Growth
Separately, 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 report on Tuesday, April 22nd.
View Our Latest Report on IPX
IperionX Price Performance
The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $19.73 and its 200-day moving average is $24.42.
Institutional Investors Weigh In On IperionX
Several institutional investors and hedge funds have recently modified their holdings of IPX. Sowell Financial Services LLC acquired a new position in IperionX during the 4th quarter worth $1,597,000. Marshall Wace LLP acquired a new position in shares of IperionX during the fourth quarter valued at about $465,000. Thomist Capital Management LP acquired a new position in shares of IperionX during the fourth quarter valued at about $32,305,000. Stifel Financial Corp raised its position in shares of IperionX by 27.9% during the fourth 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 during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in IperionX in the fourth quarter valued at about $602,000. Institutional investors and hedge funds 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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