IperionX (NASDAQ:IPX) Trading 5.1% Higher – Should You Buy?

Shares of IperionX Limited (NASDAQ:IPX) traded up 5.1% on Wednesday . The company traded as high as $25.03 and last traded at $25.14. 4,784 shares were traded during trading, a decline of 92% from the average session volume of 62,260 shares. The stock had previously closed at $23.92.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on IperionX in a research report on Thursday, October 10th. They set a “buy” rating and a $30.00 target price for the company.

IperionX Stock Up 3.4 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. The business has a 50-day moving average price of $29.45 and a two-hundred day moving average price of $22.83.

Institutional Investors Weigh In On IperionX

A number of institutional investors have recently made changes to their positions in the stock. Symmetry Peak Management LLC bought a new stake in shares of IperionX in the third quarter worth about $228,000. Tidal Investments LLC bought a new stake in shares of IperionX in the third quarter worth about $368,000. Ballentine Partners LLC bought a new stake in shares of IperionX in the third quarter worth about $529,000. Jane Street Group LLC increased its holdings in shares of IperionX by 134.2% in the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after acquiring an additional 15,202 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after acquiring an additional 179,650 shares in the last quarter. 2.76% of the stock is owned by institutional investors and hedge funds.

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.