IperionX (NASDAQ:IPX) Sets New 52-Week Low – Should You Sell?

Shares of IperionX Limited Sponsored ADR (NASDAQ:IPX) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $13.14 and last traded at $13.34, with a volume of 210,253 shares. The stock had previously closed at $13.89.

Analysts Set New Price Targets

Several analysts have recently commented on IPX shares. Roth Capital set a $53.00 price objective on IperionX in a report on Wednesday, August 5th. Jefferies Financial Group initiated coverage on IperionX in a research note on Wednesday, September 2nd. They set a “buy” rating and a $26.00 target price on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of IperionX in a research note on Thursday, October 15th. Finally, B. Riley Financial reduced their target price on IperionX from $52.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, IperionX currently has an average rating of “Moderate Buy” and an average target price of $42.00.

IperionX Stock Performance

The company has a current ratio of 3.24, a quick ratio of 2.95 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average price is $19.18 and its 200-day moving average price is $26.73.

IperionX (NASDAQ:IPX) last announced its quarterly earnings data on Thursday, July 30th. The company reported ($0.50) EPS for the quarter. On average, analysts anticipate that IperionX Limited Sponsored ADR will post -0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC raised its holdings in shares of IperionX by 40.3% in the second quarter. GAMMA Investing LLC now owns 1,681 shares of the company’s stock worth $50,000 after buying an additional 483 shares during the last quarter. Connective Capital Management LLC acquired a new stake in shares of IperionX during the second quarter worth $160,000. DLD Asset Management LP acquired a new stake in shares of IperionX during the first quarter worth $260,000. Finally, Private Advisor Group LLC grew its holdings in shares of IperionX by 69.9% during the first quarter. Private Advisor Group LLC now owns 63,111 shares of the company’s stock valued at $1,643,000 after buying an additional 25,964 shares during the last quarter. Institutional investors and hedge funds own 2.76% of the company’s stock.

IperionX Company Profile

IperionX Limited (NASDAQ: IPX) is a materials technology company focused on developing a U.S.-based, lower-carbon titanium supply chain. The company is working to produce titanium metal, powder and other titanium products for aerospace, defense, automotive, medical and other advanced manufacturing applications.

IperionX is developing its Titan Project in Tennessee, which is designed to supply titanium minerals and support domestic production of titanium products. The project is intended to integrate the processing of titanium mineral resources with downstream manufacturing, reducing reliance on overseas sources of titanium.

The company is also advancing proprietary processing technologies, including its Hydrogen Assisted Metallothermic Reduction process, which is designed to produce titanium metal and powder with lower energy requirements than conventional methods.