IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price dropped 5.7% during trading on Monday . The company traded as low as $21.73 and last traded at $21.64. Approximately 20,486 shares traded hands during trading, a decline of 58% from the average daily volume of 48,269 shares. The stock had previously closed at $22.94.
Analyst Upgrades and Downgrades
Separately, B. Riley lowered their price target on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.
Read Our Latest Report on IPX
IperionX Stock Performance
The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The company's 50-day moving average price is $19.09 and its two-hundred day moving average price is $24.49.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. 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 valued at $39,000 after purchasing an additional 1,816 shares during the last quarter. Thomist Capital Management LP acquired a new position in IperionX in the 4th quarter valued at about $32,305,000. Corigliano Investment Advisers LLC acquired a new position in shares of IperionX in the 4th quarter worth approximately $344,000. Citadel Advisors LLC acquired a new stake in shares of IperionX during the fourth quarter worth about $283,000. Finally, Bank of America Corp DE grew its holdings in IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock worth $832,000 after acquiring an additional 3,293 shares in the last quarter. Hedge funds and other 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.
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
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
