Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) were up 5.2% during mid-day trading on Monday . The company traded as high as $45.00 and last traded at $44.02. Approximately 64,736 shares traded hands during trading, a decline of 8% from the average daily volume of 70,108 shares. The stock had previously closed at $41.84.
Analyst Ratings Changes
Several equities analysts have issued reports on IPX shares. Roth Capital started coverage on shares of IperionX in a research report on Wednesday, August 20th. They issued a "buy" rating and a $64.00 price target for the company. Wall Street Zen upgraded shares of IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, IperionX currently has a consensus rating of "Buy" and a consensus price target of $46.00.
View Our Latest Stock Report on IPX
IperionX Price Performance
The stock's 50 day moving average price is $36.02 and its 200 day moving average price is $26.83.
Institutional Investors Weigh In On IperionX
A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of IperionX by 684.4% in the 2nd quarter. GAMMA Investing LLC now owns 957 shares of the company's stock valued at $30,000 after purchasing an additional 835 shares during the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of IperionX in the 2nd quarter valued at $34,000. JPMorgan Chase & Co. bought a new stake in shares of IperionX in the 2nd quarter valued at $66,000. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 3,293 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of IperionX in the 2nd quarter valued at $220,000. 2.76% of the stock is owned by institutional investors.
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.
Further Reading
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