IperionX (NASDAQ:IPX) Sets New 52-Week High – Should You Buy?

IperionX Limited (NASDAQ:IPX)’s stock price reached a new 52-week high during mid-day 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 assumed coverage on IperionX in a research report on Thursday, October 10th. They set a “buy” rating and a $30.00 target price on the stock.

IperionX Trading 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’s 50 day moving average price is $26.40 and its two-hundred day moving average price is $20.29.

Institutional Investors Weigh In On IperionX

Several hedge funds and other institutional investors have recently modified their holdings of the business. Symmetry Peak Management LLC bought a new position in IperionX in the 3rd quarter valued at $228,000. Jane Street Group LLC boosted its stake in shares of 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 period. Tidal Investments LLC bought a new position in shares of IperionX in the third quarter worth about $368,000. Ballentine Partners LLC purchased a new position in IperionX in the 3rd quarter worth about $529,000. Finally, Stifel Financial Corp lifted its holdings in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after buying an additional 179,650 shares in the last quarter. 2.76% of the stock is currently 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.