IperionX (NASDAQ:IPX) Sets New 52-Week Low - Here's Why

Key Points

• IperionX shares fell to a new 52-week low of $14.60, closing near $14.68 versus the prior close of $15.62. The stock remains below its 50-day and 200-day moving averages of $20.48 and $27.20, respectively.
• Analyst sentiment is generally positive but price targets have been reduced: six analysts rate the stock Buy and one rates it Sell, producing a Moderate Buy consensus and an average target of $42.00.
• The company reported a quarterly loss of $0.50 per share, while analysts expect a full-year loss of $0.13 per share. IperionX is developing a lower-carbon, U.S.-based titanium supply chain through its Tennessee Titan Project and proprietary processing technology.

IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $14.60 and last traded at $14.68, with a volume of 317,743 shares trading hands. The stock had previously closed at $15.62.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group initiated coverage on shares of IperionX in a report on Wednesday, September 2nd. They issued a "buy" rating and a $26.00 price objective for the company. Roth Capital set a $53.00 price target on shares of IperionX in a research report on Wednesday, August 5th. B. Riley Financial reduced their price target on shares of IperionX from $52.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, September 30th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of IperionX in a research note on Friday, July 17th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.00.

IperionX Stock Performance

The firm has a 50-day moving average price of $20.48 and a 200-day moving average price of $27.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.95 and a current ratio of 3.24.

IperionX (NASDAQ:IPX - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.50) EPS for the quarter. As a group, research analysts expect that IperionX Limited Sponsored ADR will post -0.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of IperionX by 69.9% in the 1st quarter. Private Advisor Group LLC now owns 63,111 shares of the company's stock worth $1,643,000 after purchasing an additional 25,964 shares during the last quarter. Corigliano Investment Advisers LLC bought a new stake in shares of IperionX in the 4th quarter worth approximately $362,000. DLD Asset Management LP bought a new stake in shares of IperionX in the 1st quarter worth approximately $260,000. Connective Capital Management LLC acquired a new stake in IperionX during the second quarter valued at approximately $160,000. Finally, GAMMA Investing LLC lifted its stake in IperionX by 40.3% during the second quarter. GAMMA Investing LLC now owns 1,681 shares of the company's stock valued at $50,000 after purchasing an additional 483 shares during the last quarter. 2.76% of the stock is owned by institutional investors and hedge funds.

About IperionX

IperionX Limited NASDAQ: IPX is a materials technology company focused on developing a U.S.-based, lower-carbon titanium supply chain. The company is working to produce titanium metal, powder and other titanium products for aerospace, defense, automotive, medical and other advanced manufacturing applications.

IperionX is developing its Titan Project in Tennessee, which is designed to supply titanium minerals and support domestic production of titanium products. The project is intended to integrate the processing of titanium mineral resources with downstream manufacturing, reducing reliance on overseas sources of titanium.

The company is also advancing proprietary processing technologies, including its Hydrogen Assisted Metallothermic Reduction process, which is designed to produce titanium metal and powder with lower energy requirements than conventional methods.

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