IperionX (NASDAQ:IPX) Hits New 52-Week High – What’s Next?

IperionX Limited (NASDAQ:IPX) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $26.50 and last traded at $26.50, with a volume of 3245 shares changing hands. The stock had previously closed at $24.98.

Analyst Ratings Changes

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

IperionX Stock Performance

The company’s 50-day moving average price is $21.21 and its two-hundred day moving average price is $16.98. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On IperionX

A number of large investors have recently modified their holdings of the company. EntryPoint Capital LLC bought a new position in IperionX during the first quarter valued at approximately $33,000. Ballentine Partners LLC bought a new position in shares of IperionX during the 3rd quarter valued at $529,000. Finally, B. Riley Financial Inc. raised its position in IperionX by 3.3% in the 1st quarter. B. Riley Financial Inc. now owns 337,762 shares of the company’s stock worth $5,036,000 after purchasing an additional 10,684 shares during the period. 2.76% of the stock is 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.