IperionX (NASDAQ:IPX) Shares Down 4.4% - Time to Sell?

Shares of IperionX Limited (NASDAQ:IPX - Get Free Report) fell 4.4% during mid-day trading on Monday . The stock traded as low as $22.85 and last traded at $23.12. 14,917 shares were traded during trading, a decline of 70% from the average session volume of 49,531 shares. The stock had previously closed at $24.19.

Analyst Ratings Changes

Separately, B. Riley decreased their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.

IperionX Price Performance

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 stock's 50 day moving average price is $20.25 and its 200-day moving average price is $24.43.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IPX. GAMMA Investing LLC lifted its stake 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 acquiring an additional 1,816 shares during the last quarter. Bank of America Corp DE increased its stake in IperionX by 15.8% in the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock worth $832,000 after purchasing an additional 3,293 shares during the period. Atlantic Union Bankshares Corp bought a new stake in IperionX in the fourth quarter valued at approximately $241,000. Citadel Advisors LLC purchased a new stake in shares of IperionX during the fourth quarter valued at approximately $283,000. Finally, Corigliano Investment Advisers LLC bought a new position in shares of IperionX in the fourth quarter worth approximately $344,000. 2.76% of the stock is owned by institutional investors.

IperionX Company Profile

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.