IperionX (NASDAQ:IPX) Stock Price Down 6.3% – Time to Sell?

IperionX Limited Sponsored ADR (NASDAQ:IPX)’s share price was down 6.3% on Monday . The stock traded as low as $31.31 and last traded at $30.8050. Approximately 48,607 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 234,253 shares. The stock had previously closed at $32.88.

Analyst Upgrades and Downgrades

A number of research analysts have commented on IPX shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of IperionX in a report on Thursday, January 22nd. William Blair assumed coverage on IperionX in a research report on Tuesday, January 13th. They set an “outperform” rating on the stock. Roth Mkm restated a “buy” rating and set a $74.00 price objective on shares of IperionX in a research note on Tuesday, January 20th. B. Riley Financial decreased their price objective on shares of IperionX from $58.00 to $52.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, BTIG Research started coverage on shares of IperionX in a report on Friday, March 27th. They set a “buy” rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.33.

IperionX Stock Performance

The firm has a fifty day moving average of $35.80 and a 200-day moving average of $40.06. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.03 and a quick ratio of 4.00.

IperionX (NASDAQ:IPX) last issued its earnings results on Saturday, January 31st. The company reported ($0.50) earnings per share for the quarter. On average, research analysts forecast that IperionX Limited Sponsored ADR will post -0.12 earnings per share for the current year.

Institutional Trading of IperionX

A number of large investors have recently modified their holdings of IPX. Jones Financial Companies Lllp acquired a new position in IperionX during the 3rd quarter valued at about $36,000. JPMorgan Chase & Co. acquired a new stake in shares of IperionX in the second quarter valued at approximately $66,000. State of Tennessee Department of Treasury bought a new stake in shares of IperionX during the fourth quarter valued at approximately $119,000. Quadrature Capital Ltd boosted its position in shares of IperionX by 42.8% during the fourth quarter. Quadrature Capital Ltd now owns 14,918 shares of the company’s stock worth $540,000 after buying an additional 4,471 shares during the period. Finally, DV Equities LLC acquired a new position in shares of IperionX during the fourth quarter worth approximately $178,000. Institutional investors and hedge funds own 2.76% of the company’s stock.

IperionX Company Profile

IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of high?purity titanium and zirconium products. The company’s core activities include the development of advanced mineral sands projects and the deployment of proprietary processing technologies aimed at supplying feedstocks to aerospace, defense, additive manufacturing and battery markets.

At the heart of IperionX’s operations is the Stony Creek Project in Virginia, where the company holds significant mineral sands rights.