IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $21.56, but opened at $22.51. IperionX shares last traded at $22.80, with a volume of 7,004 shares.
Wall Street Analyst Weigh In
Separately, B. Riley dropped their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.
View Our Latest Analysis on IperionX
IperionX Trading Up 3.4%
The company has a fifty day simple moving average of $19.32 and a two-hundred day simple moving average of $24.46. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in shares of IperionX by 479.2% in the 1st quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock valued at $39,000 after purchasing an additional 1,816 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in IperionX in the fourth quarter valued at $241,000. Citadel Advisors LLC acquired a new position in IperionX in the fourth quarter valued at $283,000. Corigliano Investment Advisers LLC purchased a new position in shares of IperionX during the fourth quarter worth about $344,000. Finally, Marshall Wace LLP acquired a new stake in shares of IperionX in the 4th quarter valued at about $465,000. Institutional investors and hedge funds 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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