This is why Intrepid Potash Inc (IPI) Stock is one of the options for the Longer run

Intrepid Potash Inc [IPI] stock prices are up 0.17% to $23.12 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The IPI shares have gain 5.47% over the last week, with a monthly amount drifted -10.25%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

Intrepid Potash Inc [NYSE: IPI] stock has seen the most recent analyst activity on November 04, 2020, when ROTH Capital initiated its Buy rating and assigned the stock a price target of $11. Previously, Stephens upgraded its rating to Overweight on May 09, 2018. On December 05, 2017, Stephens initiated with a Equal-Weight rating. UBS downgraded its rating to a Sell and increased its price target to $2.50 on August 07, 2017. Credit Agricole upgraded its rating to a Outperform. Piper Jaffray reiterated a Neutral rating for this stock on March 01, 2016, and downed its price target to $1. In a note dated November 24, 2015, Cowen reiterated an Market Perform rating on this stock and revised its target price from $7 to $4.

The stock price of Intrepid Potash Inc [IPI] has been fluctuating between $17.52 and $29.75 over the past year. Currently, Wall Street analysts expect the stock to reach $31.5 within the next 12 months. Intrepid Potash Inc [NYSE: IPI] shares were valued at $23.12 at the most recent close of the market. An investor can expect a potential return of 36.25% based on the average IPI price forecast.

Analyzing the IPI fundamentals

The Intrepid Potash Inc [NYSE:IPI] reported sales of 255.55M for trailing twelve months, representing a surge of 5.66%. Gross Profit Margin for this corporation currently stands at 0.1% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.06 and Total Capital is -0.01.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 22.68 points at the first support level, and at 22.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.39, and for the 2nd resistance point, it is at 23.65.

Ratios To Look Out For

It’s worth pointing out that Intrepid Potash Inc [NYSE:IPI]’s Current Ratio is 4.41. On the other hand, the Quick Ratio is 1.87, and the Cash Ratio is 0.88. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 0.44.

Transactions by insiders

Recent insider trading involved Jornayvaz Robert P III, 10% Owner, that happened on Dec 11 ’24 when 0.19 million shares were sold. 10% Owner, Jornayvaz Robert P III completed a deal on Nov 21 ’24 to sell 0.16 million shares. Meanwhile, 10% Owner Jornayvaz Robert P III sold 36073.0 shares on Dec 12 ’24.

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