IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) shares shot up 7.9% during mid-day trading on Thursday . The company traded as high as $30.39 and last traded at $30.54. 66,503 shares changed hands during trading, an increase of 23% from the average session volume of 54,102 shares. The stock had previously closed at $28.31.
Analysts Set New Price Targets
A number of research firms have recently issued reports on IPX. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. B. Riley lowered their price target on IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.
Read Our Latest Analysis on IperionX
IperionX Price Performance
The business has a 50-day simple moving average of $26.01 and a two-hundred day simple moving average of $24.50.
Institutional Trading of IperionX
A number of large investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in IperionX by 70.4% in the first quarter. Jane Street Group LLC now owns 31,967 shares of the company's stock worth $575,000 after purchasing an additional 13,207 shares in the last quarter. OLD Mission Capital LLC acquired a new position in IperionX in the first quarter worth $477,000. GAMMA Investing LLC lifted 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 valued at $39,000 after acquiring an additional 1,816 shares during the period. Thomist Capital Management LP acquired a new position in shares of IperionX during the fourth quarter valued at $32,305,000. Finally, Corigliano Investment Advisers LLC acquired a new position in shares of IperionX during the fourth quarter valued at $344,000. 2.76% of the stock is currently 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.
Read More
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 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.
