IperionX Limited (NASDAQ:IPX - Get Free Report) shares gapped up prior to trading 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 changing hands.
Wall Street Analyst Weigh In
Separately, B. Riley decreased their price target on shares of IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.
Get Our Latest Stock Analysis on IPX
IperionX Stock Up 3.4%
The business's fifty day moving average price is $19.32 and its 200-day moving average price is $24.45. 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
A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in shares of IperionX by 70.4% during the first quarter. Jane Street Group LLC now owns 31,967 shares of the company's stock valued at $575,000 after buying an additional 13,207 shares during the last quarter. OLD Mission Capital LLC acquired a new position in shares of IperionX during the first quarter valued at about $477,000. GAMMA Investing LLC grew its holdings in shares of IperionX by 479.2% during the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock valued at $39,000 after buying an additional 1,816 shares during the last quarter. Thomist Capital Management LP acquired a new position in shares of IperionX during the fourth quarter valued at about $32,305,000. Finally, Corigliano Investment Advisers LLC purchased a new position in IperionX during the fourth quarter worth about $344,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.
IperionX Company Profile
(
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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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