IperionX (NASDAQ:IPX) Trading 5.1% Higher - Time to Buy?

IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) shares were up 5.1% on Wednesday . The company traded as high as $37.46 and last traded at $36.6150. Approximately 43,274 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 100,051 shares. The stock had previously closed at $34.85.Wall Street Analysts Forecast GrowthIPX has been the topic of several recent research reports. Roth Capital reaffirmed a "buy" rating and set a $74.00 target price (up previously from $64.00) on shares of IperionX in a report on Wednesday, October 1st. Weiss Ratings restated a "sell (e+)" rating on shares of IperionX in a research report on Wednesday, October 8th. Finally, Wall Street Zen lowered IperionX from a "hold" rating to a "sell" rating in a research note on Friday, October 3rd. Two 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, IperionX presently has a consensus rating of "Hold" and a consensus target price of $51.00.Read Our Latest Report on IperionXIperionX Stock Up 5.3%The business has a 50 day moving average of $38.04 and a 200 day moving average of $39.22. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 0.04. Hedge Funds Weigh In On IperionXA number of institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new stake in IperionX during the 1st quarter valued at approximately $477,000. Jane Street Group LLC boosted its position in shares of IperionX by 70.4% during the first quarter. Jane Street Group LLC now owns 31,967 shares of the company's stock valued at $575,000 after purchasing an additional 13,207 shares in the last quarter. GAMMA Investing LLC grew its stake in IperionX by 684.4% in the second quarter. GAMMA Investing LLC now owns 957 shares of the company's stock worth $30,000 after purchasing an additional 835 shares during the period. Atlantic Union Bankshares Corp bought a new position in IperionX in the second quarter worth $220,000. Finally, JPMorgan Chase & Co. purchased a new position in IperionX during the second quarter valued at $66,000. 2.76% of the stock is owned by institutional investors. IperionX Company Profile (Get Free Report)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.Featured StoriesFive stocks we like better than IperionXThe boring AI play that could pay up to $4,290 monthlyThe gift that keeps giving (just $1 today)The Best $1 You'll Spend This Holiday SeasonTrump Did WHAT??Put $1,000 into this stock by Jan 1 [Not NVDA]This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in IperionX Right Now?Before you consider IperionX, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IperionX wasn't on the list.While IperionX currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here