IperionX (NASDAQ:IPX) Earns Buy Rating from Analysts at ThinkEquity

ThinkEquity started coverage on shares of IperionX (NASDAQ:IPX) in a research report released on Monday, Benzinga reports. The brokerage issued a buy rating and a $20.00 price objective on the stock.

IperionX Stock Up 4.0 %

Shares of IPX opened at $13.93 on Monday. The company has a 50-day simple moving average of $14.11 and a 200-day simple moving average of $13.09. IperionX has a 52 week low of $6.51 and a 52 week high of $16.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in IperionX stock. EntryPoint Capital LLC purchased a new position in IperionX Limited (NASDAQ:IPX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,220 shares of the company’s stock, valued at approximately $33,000. Hedge funds and other 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.