Key Points
- IperionX CEO Anastasios Arima bought 138,720 shares on July 10 at an average price of $3.58, spending $496,617.60 and increasing his direct ownership by 1.13%.
- The CEO also made a prior purchase in late April, buying 110,000 shares at $4.49 each for a total of $493,900, signaling continued insider buying.
- Analysts currently have a Moderate Buy consensus on IPX, with five Buy ratings and one Sell rating, and a consensus price target of $60.33.
IperionX Limited Sponsored ADR (NASDAQ:IPX - Get Free Report) CEO Anastasios Arima purchased 138,720 shares of the business's stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average cost of $3.58 per share, with a total value of $496,617.60. Following the completion of the acquisition, the chief executive officer directly owned 12,455,502 shares of the company's stock, valued at $44,590,697.16. The trade was 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.
Anastasios Arima also recently made the following trade(s):
- On Tuesday, April 28th, Anastasios Arima purchased 110,000 shares of IperionX stock. The shares were bought at an average price of $4.49 per share, for a total transaction of $493,900.00.
IperionX Stock Performance
Shares of NASDAQ:IPX opened at $24.67 on Tuesday. IperionX Limited Sponsored ADR has a 12 month low of $21.66 and a 12 month high of $61.45. The company's 50-day moving average price is $34.10 and its two-hundred day moving average price is $37.43. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.03 and a quick ratio of 4.00.
Institutional Trading of IperionX
Several institutional investors and hedge funds have recently added to or reduced their stakes in IPX. GAMMA Investing LLC lifted its position in IperionX by 40.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,681 shares of the company's stock valued at $50,000 after purchasing an additional 483 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of IperionX during the 2nd quarter worth approximately $66,000. State of Tennessee Department of Treasury acquired a new stake in shares of IperionX during the 4th quarter worth approximately $119,000. DV Equities LLC bought a new stake in shares of IperionX during the fourth quarter worth approximately $178,000. Finally, Man Group plc bought a new stake in shares of IperionX during the fourth quarter worth approximately $257,000. 2.76% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on IPX shares. BTIG Research upped their target price on shares of IperionX from $40.00 to $55.00 and gave the stock a "buy" rating in a research report on Friday, June 5th. Roth Capital reissued a "buy" rating on shares of IperionX in a report on Monday, June 8th. Alliance Global Partners restated a "buy" rating on shares of IperionX in a research report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of IperionX in a report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $60.33.
Read Our Latest Research Report on IperionX
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.
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