IperionX (NASDAQ:IPX) Hits New 12-Month Low – Time to Sell?

IperionX Limited Sponsored ADR (NASDAQ:IPX) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $19.80 and last traded at $19.8860, with a volume of 44788 shares changing hands. The stock had previously closed at $21.29.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of IperionX in a report on Friday, July 17th. Roth Capital set a $53.00 target price on shares of IperionX in a research report on Wednesday, August 5th. BTIG Research upped their target price on shares of IperionX from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Jefferies Financial Group initiated coverage on shares of IperionX in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $26.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.50.

IperionX Stock Down 3.9%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.00 and a current ratio of 4.03. The business has a 50 day moving average of $22.83 and a 200 day moving average of $30.55.

Insider Transactions at IperionX

In related news, CEO Anastasios Arima bought 138,720 shares of IperionX stock in a transaction on Friday, July 10th. The shares were purchased at an average price of $3.58 per share, for a total transaction of $496,617.60. Following the completion of the acquisition, the chief executive officer owned 12,455,502 shares in the company, valued at approximately $44,590,697.16. This represents a 1.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Todd Hannigan bought 300,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were bought at an average price of $3.59 per share, with a total value of $1,077,000.00. Following the completion of the transaction, the chairman directly owned 26,633,334 shares in the company, valued at approximately $95,613,669.06. This trade represents a 1.14% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 663,720 shares of company stock worth $2,379,118.

Institutional Investors Weigh In On IperionX

Large investors have recently bought and sold shares of the company. Connective Capital Management LLC bought a new position in shares of IperionX during the second quarter worth $160,000. GAMMA Investing LLC increased its position in shares of IperionX by 40.3% in the 2nd quarter. GAMMA Investing LLC now owns 1,681 shares of the company’s stock valued at $50,000 after buying an additional 483 shares in the last quarter. DLD Asset Management LP bought a new stake in shares of IperionX in the 1st quarter valued at $260,000. Private Advisor Group LLC raised its stake in IperionX by 69.9% during the 1st quarter. Private Advisor Group LLC now owns 63,111 shares of the company’s stock worth $1,643,000 after buying an additional 25,964 shares during the period. Finally, State of Tennessee Department of Treasury acquired a new stake in IperionX during the 4th quarter worth $119,000. Institutional investors own 2.76% of the company’s stock.

About IperionX

IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of high‐purity titanium and zirconium products. The company’s core activities include the development of advanced mineral sands projects and the deployment of proprietary processing technologies aimed at supplying feedstocks to aerospace, defense, additive manufacturing and battery markets.

At the heart of IperionX’s operations is the Stony Creek Project in Virginia, where the company holds significant mineral sands rights.