IperionX (NASDAQ:IPX) Rating Lowered to Sell at Wall Street Zen

IperionX (NASDAQ:IPX) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Friday.

Other equities research analysts have also recently issued research reports about the company. Roth Capital reiterated a “buy” rating and set a $74.00 target price (up previously from $64.00) on shares of IperionX in a report on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of IperionX in a report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, IperionX has a consensus rating of “Hold” and an average price target of $51.00.

IperionX Trading Up 3.0%

Shares of NASDAQ:IPX opened at $55.19 on Friday. The business’s fifty day moving average price is $43.98 and its two-hundred day moving average price is $31.04. IperionX has a one year low of $12.27 and a one year high of $56.78.

Institutional Investors Weigh In On IperionX

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of IperionX by 684.4% in the second quarter. GAMMA Investing LLC now owns 957 shares of the company’s stock valued at $30,000 after purchasing an additional 835 shares during the period. Cape Investment Advisory Inc. purchased a new stake in shares of IperionX in the second quarter valued at $34,000. JPMorgan Chase & Co. acquired a new position in IperionX in the second quarter valued at $66,000. Atlantic Union Bankshares Corp acquired a new position in IperionX in the second quarter valued at $220,000. Finally, Citadel Advisors LLC acquired a new position in IperionX in the fourth quarter valued at $283,000. 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.