IperionX (NASDAQ:IPX) Trading Down 4.3% – Should You Sell?

IperionX Limited (NASDAQ:IPX) shares traded down 4.3% on Thursday . The stock traded as low as $27.25 and last traded at $27.25. 8,723 shares were traded during mid-day trading, a decline of 87% from the average session volume of 65,556 shares. The stock had previously closed at $28.47.

Wall Street Analysts Forecast Growth

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

IperionX Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The firm’s 50-day moving average price is $29.27 and its two-hundred day moving average price is $22.12.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IPX. Stifel Financial Corp raised its stake in shares of IperionX by 34.3% during the 3rd 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 in the last quarter. Ballentine Partners LLC bought a new position in shares of IperionX during the 3rd quarter worth approximately $529,000. Tidal Investments LLC bought a new position in shares of IperionX during the 3rd quarter worth approximately $368,000. Jane Street Group LLC raised its stake in shares of IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after acquiring an additional 15,202 shares in the last quarter. Finally, Symmetry Peak Management LLC bought a new position in shares of IperionX during the 3rd quarter worth approximately $228,000. Institutional investors own 2.76% of the company’s stock.

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.