IperionX (NASDAQ:IPX) Shares Gap Down – What’s Next?

IperionX Limited (NASDAQ:IPX)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $28.00, but opened at $26.22. IperionX shares last traded at $27.00, with a volume of 8,233 shares traded.

IperionX Trading Down 1.6 %

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 business’s fifty day moving average is $28.78 and its 200 day moving average is $23.73.

Institutional Investors Weigh In On IperionX

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mercer Global Advisors Inc. ADV acquired a new stake in shares of IperionX during the fourth quarter worth $602,000. Stifel Financial Corp grew its position in IperionX by 27.9% in the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock valued at $30,968,000 after purchasing an additional 196,558 shares in the last quarter. Marshall Wace LLP bought a new position in IperionX in the fourth quarter valued at $465,000. Sowell Financial Services LLC bought a new position in IperionX in the fourth quarter valued at $1,597,000. Finally, Atlantic Union Bankshares Corp bought a new position in IperionX in the fourth quarter valued at $241,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.

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.