B. Riley Issues Pessimistic Forecast for IperionX (NASDAQ:IPX) Stock Price

IperionX (NASDAQ:IPX) had its price objective decreased by B. Riley from $30.00 to $28.00 in a research note published on Tuesday,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for IperionX’s FY2025 earnings at ($0.10) EPS, FY2026 earnings at ($0.06) EPS and FY2027 earnings at $0.10 EPS.

IperionX Stock Up 6.8 %

Shares of IperionX stock opened at $21.39 on Tuesday. The firm has a fifty day moving average price of $20.10 and a two-hundred day moving average price of $24.59. IperionX has a fifty-two week low of $12.28 and a fifty-two week high of $38.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.

Hedge Funds Weigh In On IperionX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thomist Capital Management LP acquired a new stake in shares of IperionX during the 4th quarter worth approximately $32,305,000. Stifel Financial Corp boosted its stake in IperionX by 27.9% during the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock worth $30,968,000 after buying an additional 196,558 shares in the last quarter. Sowell Financial Services LLC bought a new stake in IperionX in the 4th quarter valued at $1,597,000. Jane Street Group LLC raised its stake in shares of IperionX by 134.2% in the 3rd 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 in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock worth $832,000 after acquiring an additional 3,293 shares during the period. 2.76% of the stock is currently owned by 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.