IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $28.42, but opened at $29.70. IperionX shares last traded at $29.35, with a volume of 32,317 shares trading hands.
Analysts Set New Price Targets
A number of analysts have recently commented on IPX shares. B. Riley reduced 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. Wall Street Zen upgraded shares of IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th.
Read Our Latest Stock Analysis on IPX
IperionX Trading Up 2.9%
The company's 50-day simple moving average is $22.32 and its 200 day simple moving average is $24.38.
Institutional Investors Weigh In On IperionX
A number of institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its holdings in shares of 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 during the period. Bank of America Corp DE raised its holdings in IperionX by 15.8% in the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after buying an additional 3,293 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in IperionX in the 4th quarter valued at about $241,000. Citadel Advisors LLC purchased a new stake in IperionX in the 4th quarter valued at about $283,000. Finally, Corigliano Investment Advisers LLC purchased a new stake in IperionX in the 4th quarter valued at about $344,000. 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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider IperionX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IperionX wasn't on the list.
While IperionX currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
