The trading price of Intrepid Potash Inc (NYSE:IPI) closed higher on Friday, May 23, and closing at $36.63, 1.10% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $38.87 and a 52-week low of $20.75. Over the past month, the stock has gained 10.56% in value.
Intrepid Potash Inc, whose market valuation is $487.79 million at the time of this writing, is expected to release its quarterly earnings report in June. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest IPI has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned IPI a recommendation rating is 1. Out of them, 0 rate it a Hold, while 0 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Intrepid Potash Inc (IPI) as Underweight, while 1 advise Sell. Analysts have rated the stock Sell, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that IPI’s price is currently 2.27% off the SMA20 and 15.59% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.86, and weekly volatility stands at 2.07%. When measured over the past 30 days, the indicator reaches 4.22%. Intrepid Potash Inc (NYSE:IPI)’s beta value is currently sitting at 1.76, while the Average True Range indicator is currently displaying 1.56. With analysts defining $23-$40 as the low and high price targets, we arrive at a consensus price target of $31.5 for the trailing 12-month period. The current price is about 37.21% off the estimated low and -9.2% off the forecast high, based on this estimate. Investors will be thrilled if IPI’s share price rises to $31.5, which is the median consensus price. At that level, IPI’s share price would be 14.0% above current price.
To see how Intrepid Potash Inc stock has been performing in comparison to its peers in the industry, here are the numbers: IPI stock’s performance was 1.10% in the latest trading, and 38.28% in the past year.
An evaluation of the daily trading volume of Intrepid Potash Inc (NYSE:IPI) indicates that the 3-month average is 219.75K.
Currently, records show that 12.96 million of the company’s shares remain outstanding. The insiders hold 20.01% of outstanding shares, whereas institutions hold 55.29%. However, since the stock’s price has seen 67.11% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
