B. Riley Cuts IperionX (NASDAQ:IPX) Price Target to $28.00

IperionX (NASDAQ:IPX) had its target price reduced by B. Riley from $30.00 to $28.00 in a research report released on Tuesday morning,Benzinga reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for IperionX’s FY2025 earnings at ($0.10) EPS, FY2026 earnings at ($0.06) EPS and FY2027 earnings at $0.10 EPS.

IperionX Price Performance

Shares of IperionX stock opened at $21.39 on Tuesday. The stock has a 50-day simple moving average of $20.10 and a 200-day simple moving average of $24.59. IperionX has a 52-week low of $12.28 and a 52-week high of $38.93. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Thomist Capital Management LP bought a new position in IperionX during the fourth quarter valued at about $32,305,000. Stifel Financial Corp raised its stake in shares of IperionX by 27.9% in the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock valued at $30,968,000 after acquiring an additional 196,558 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in IperionX in the 4th quarter worth approximately $1,597,000. Mercer Global Advisors Inc. ADV bought a new stake in IperionX during the fourth quarter worth approximately $602,000. Finally, Tidal Investments LLC bought a new position in shares of IperionX in the third quarter valued at approximately $368,000. Institutional investors own 2.76% of the company’s stock.

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.