IperionX Limited (NASDAQ:IPX - Get Free Report) was up 4.4% during mid-day trading on Friday . The company traded as high as $23.61 and last traded at $23.81. Approximately 18,352 shares changed hands during trading, a decline of 62% from the average daily volume of 48,288 shares. The stock had previously closed at $22.81.
Wall Street Analysts Forecast Growth
Separately, B. Riley reduced their price target on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.
View Our Latest Stock Report on IperionX
IperionX Price Performance
The stock's 50 day moving average is $19.57 and its two-hundred day moving average is $24.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of IperionX by 479.2% during the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock worth $39,000 after purchasing an additional 1,816 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in shares of IperionX during the fourth quarter worth $241,000. Citadel Advisors LLC acquired a new position in shares of IperionX in the fourth quarter valued at about $283,000. Corigliano Investment Advisers LLC bought a new stake in IperionX in the 4th quarter valued at about $344,000. Finally, Marshall Wace LLP acquired a new position in shares of IperionX during the 4th quarter worth approximately $465,000. Institutional investors own 2.76% of the company's stock.
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.
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