IperionX (NASDAQ:IPX) Reaches New 12-Month High – Time to Buy?

Shares of IperionX Limited (NASDAQ:IPX) reached a new 52-week high on Monday . The stock traded as high as $25.50 and last traded at $24.72, with a volume of 21120 shares traded. The stock had previously closed at $24.76.

Analyst Ratings Changes

Several equities research analysts recently commented on IPX shares. ThinkEquity upgraded IperionX to a “strong-buy” rating in a research report on Tuesday, June 25th. B. Riley started coverage on IperionX in a report on Thursday, October 10th. They set a “buy” rating and a $30.00 price target on the stock.

IperionX Stock Performance

The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average is $18.72 and its two-hundred day moving average is $16.00.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in IperionX stock. EntryPoint Capital LLC purchased a new stake in shares of IperionX Limited (NASDAQ:IPX) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,220 shares of the company’s stock, valued at approximately $33,000. 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.