IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $24.42, but opened at $29.87. IperionX shares last traded at $29.20, with a volume of 101,511 shares.
Analyst Ratings Changes
Several analysts recently commented on IPX shares. B. Riley lowered 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. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a research report on Friday.
Read Our Latest Stock Report on IPX
IperionX Stock Down 4.1%
The business's 50 day moving average price is $20.46 and its two-hundred day moving average price is $24.43. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.
Institutional Investors Weigh In On IperionX
A number of institutional investors have recently added to or reduced their stakes in the company. Thomist Capital Management LP bought a new stake in shares of IperionX in the 4th quarter worth $32,305,000. Stifel Financial Corp boosted its stake in 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 in the last quarter. Sowell Financial Services LLC bought a new position in IperionX during the fourth quarter valued at about $1,597,000. OLD Mission Capital LLC bought a new position in IperionX during the first quarter valued at about $477,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in IperionX during the fourth quarter valued at about $602,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.
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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