IperionX (NASDAQ:IPX) Reaches New 12-Month High – What’s Next?

Shares of IperionX Limited (NASDAQ:IPX) hit a new 52-week high during trading on Thursday . The stock traded as high as $31.61 and last traded at $31.48, with a volume of 10281 shares trading hands. The stock had previously closed at $30.47.

Analyst Ratings Changes

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

IperionX Stock Up 4.9 %

The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $26.40 and a two-hundred day simple moving average of $20.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in shares of IperionX during the 3rd quarter valued at approximately $368,000. Jane Street Group LLC lifted its position in IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after purchasing an additional 15,202 shares during the last quarter. Stifel Financial Corp grew its stake in shares of IperionX by 34.3% in the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock worth $15,671,000 after buying an additional 179,650 shares in the last quarter. Symmetry Peak Management LLC bought a new stake in shares of IperionX in the 3rd quarter worth about $228,000. Finally, Ballentine Partners LLC purchased a new stake in shares of IperionX during the 3rd quarter valued at about $529,000. Institutional investors own 2.76% of the company’s stock.

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.