IperionX (NASDAQ:IPX) Shares Up 6.1% – Time to Buy?

IperionX Limited (NASDAQ:IPX) shares rose 6.1% on Monday . The stock traded as high as $31.00 and last traded at $30.45. Approximately 13,555 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 32,947 shares. The stock had previously closed at $28.70.

Analyst Upgrades and Downgrades

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

IperionX Stock Up 2.3 %

The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average price of $25.67 and a 200 day moving average price of $19.81.

Hedge Funds Weigh In On IperionX

Institutional investors and hedge funds have recently made changes to their positions in the business. Symmetry Peak Management LLC bought a new stake in IperionX during the 3rd quarter valued at $228,000. Tidal Investments LLC purchased a new position in IperionX during the 3rd quarter valued at about $368,000. Ballentine Partners LLC bought a new stake in shares of IperionX in the 3rd quarter worth approximately $529,000. Jane Street Group LLC boosted its position in IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after acquiring an additional 15,202 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in 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 purchasing an additional 179,650 shares in the last quarter. 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.