IperionX (NASDAQ:IPX) Sees Strong Trading Volume – What’s Next?

Shares of IperionX Limited (NASDAQ:IPX) saw an uptick in trading volume on Friday . 19,422 shares were traded during trading, a decline of 42% from the previous session’s volume of 33,240 shares.The stock last traded at $34.00 and had previously closed at $31.60.

Wall Street Analysts Forecast Growth

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

IperionX Price Performance

The stock has a 50-day moving average of $26.40 and a two-hundred day moving average of $20.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.

Hedge Funds Weigh In On IperionX

Large investors have recently modified their holdings of the stock. Ballentine Partners LLC purchased a new stake in shares of IperionX during the third quarter valued at approximately $529,000. Symmetry Peak Management LLC bought a new position in IperionX during the third quarter valued at approximately $228,000. Stifel Financial Corp boosted its holdings in 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 purchasing an additional 179,650 shares during the last quarter. Jane Street Group LLC grew its position in IperionX by 134.2% in the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after purchasing an additional 15,202 shares during the period. Finally, Tidal Investments LLC purchased a new stake in IperionX during the 3rd quarter valued at $368,000. Hedge funds and other 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.