The biggest gainers of the session on the Wall Street include Intrepid Potash, Inc. (NYSE:IPI), which rose 0.1 points or 3.02% to trade at $3.41 as last check. The stock closed last session at $3.31 and sets an active trading volume day with a reported 237708 contracts so far this session. IPI shares had a relatively better volume day versus average trading capacity of 398.14 thousand shares, but with a 76.97 million float and a 0.3% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for IPI stock indicates that the average analyst price target is $4.11 per share. This means the stock has a potential increase of 20.53% from where the IPI share price has been trading recently which is between $3.22 and $3.31. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $2.85.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Calculating The Fair Value Of Intrepid Potash, Inc. (NYSE:IPI)” and dated July 10, 2019.
During the recent trading session for Intrepid Potash, Inc. (NYSE:IPI), the company witnessed their stock rise $0.04 over a week and surge $0.15 from the price 20 days ago. When compared to their established 52-week high of $4.41, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 08/11/18. The recent low of $2.51 stood for a -22.68% since 02/01/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.18 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Intrepid Potash, Inc., the two-week RSI stands at 56.34. This figure suggests that IPI stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current IPI readings is similarly very revealing as it has a stochastic reading of 53.62% at this stage. This figure means that IPI share price today is being neutral.
Technical chart claims that Intrepid Potash, Inc. (IPI) would settle between $3.34/share to $3.37/share level. However, if the stock price goes below the $3.25 mark, then the market for Intrepid Potash, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $3.19 for its downside target.
Analysts at Stephens raised their recommendation on shares of IPI from Equal-Weight to Overweight in their opinion released on May 09. Stephens, analysts launched coverage of Intrepid Potash, Inc. (NYSE:IPI) stock with a Equal-Weight recommendation, according to their flash note issued to investors on December 05. Analysts at UBS lowered the stock to a Sell call from its previous Neutral recommendation, in a research note that dated back to August 07.
IPI equity has an average rating of 3.2, with the figure leaning towards a bullish end. 5 analysts who tracked the company were contacted by Reuters. Amongst them, 2 rated the stock as a hold while the remaining 3 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 1 analysts rated Intrepid Potash, Inc. (NYSE:IPI) as a buy or a strong buy while 2 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, IPI stock price is currently trading at 14.15X forward 12-month Consensus EPS estimates, and its P/S ratio is 2.84 while for the average stock in the same group, the multiple is 2.1.