IperionX (NASDAQ:IPX) Sets New 52-Week High – Time to Buy?

IperionX Limited (NASDAQ:IPX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.00 and last traded at $30.00, with a volume of 125 shares traded. The stock had previously closed at $28.89.

Wall Street Analyst Weigh In

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

IperionX Trading Down 1.2 %

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 stock’s fifty day moving average is $22.77 and its two-hundred day moving average is $17.83.

Hedge Funds Weigh In On IperionX

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its position 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 buying an additional 15,202 shares during the period. Stifel Financial Corp grew its holdings in shares of 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 acquiring an additional 179,650 shares during the period. Symmetry Peak Management LLC bought a new position in shares of IperionX in the 3rd quarter worth approximately $228,000. Ballentine Partners LLC bought a new stake in shares of IperionX during the 3rd quarter valued at $529,000. Finally, EntryPoint Capital LLC bought a new position in shares of IperionX in the first quarter worth about $33,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

About IperionX

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.