Roth Capital Begins Coverage on IperionX (NASDAQ:IPX)

Key Points

• Roth Capital has initiated coverage on IperionX (NASDAQ:IPX) with a buy rating and a price target of $64.00, indicating a potential upside of approximately 55.91% from the current price.
• Several analysts have rated IperionX, with B. Riley lowering its price target to $28.00 while two analysts maintain a buy rating, contributing to an average price target of $46.00.
• IperionX specializes in low carbon and sustainable materials for advanced industries, particularly focusing on titanium technologies that are 100% recyclable and have low carbon intensity.

Stock analysts at Roth Capital began coverage on shares of IperionX (NASDAQ:IPX - Get Free Report) in a note issued to investors on Wednesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $64.00 price target on the stock. Roth Capital's target price would suggest a potential upside of 55.91% from the company's current price.

A number of other equities analysts have also weighed in on the stock. B. Riley cut their price objective on shares of IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen upgraded shares of IperionX from a "sell" rating to a "hold" rating in a research note on Friday, June 6th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average price target of $46.00.

IperionX Trading Down 0.1%

Shares of NASDAQ IPX opened at $41.05 on Wednesday. IperionX has a 52 week low of $12.27 and a 52 week high of $42.38. The firm has a 50-day moving average price of $33.87 and a 200 day moving average price of $26.01.

Institutional Trading of IperionX

A number of hedge funds have recently bought and sold shares of IPX. GAMMA Investing LLC lifted its stake in IperionX by 684.4% during the second quarter. GAMMA Investing LLC now owns 957 shares of the company's stock valued at $30,000 after buying an additional 835 shares in the last quarter. Cape Investment Advisory Inc. acquired a new position in IperionX in the second quarter worth approximately $34,000. JPMorgan Chase & Co. acquired a new position in IperionX during the second quarter valued at approximately $66,000. Atlantic Union Bankshares Corp acquired a new position in IperionX during the second quarter valued at approximately $220,000. Finally, Citadel Advisors LLC bought a new stake in shares of IperionX in the fourth quarter valued at approximately $283,000. 2.76% of the stock is owned by hedge funds and other 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.

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