IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price gapped up before the market opened on Tuesday . The stock had previously closed at $23.59, but opened at $25.10. IperionX shares last traded at $25.27, with a volume of 27,077 shares traded.
Wall Street Analyst Weigh In
Separately, B. Riley lowered their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd.
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IperionX Trading Down 5.0%
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 has a 50 day simple moving average of $19.64 and a two-hundred day simple moving average of $24.43.
Hedge Funds Weigh In On IperionX
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in IperionX by 479.2% during the 1st 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. Atlantic Union Bankshares Corp acquired a new position in IperionX in the fourth quarter worth about $241,000. Citadel Advisors LLC bought a new stake in IperionX in the fourth quarter valued at about $283,000. Corigliano Investment Advisers LLC bought a new stake in IperionX in the fourth quarter valued at about $344,000. Finally, Marshall Wace LLP bought a new position in IperionX during the 4th quarter worth approximately $465,000. 2.76% of the stock is 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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