Are Intrepid Potash Inc. (NYSE:IPI)’s Fundamentals Enough to Outperform

Intrepid Potash Inc. (NYSE:IPI) previous close was $30.99 while the outstanding shares total 13.01M. The firm has a beta of 2.18. IPI’s shares traded lower over the last trading session, losing -4.49% on 02/18/21. The shares fell to a low of $28.31 before closing at $29.60. Intraday shares traded counted 0.16 million, which was 27.98% higher than its 30-day average trading volume of 224.81K. The stock’s Relative Strength Index (RSI) is 57.95, with weekly volatility at 8.86% and ATR at 2.61. The IPI stock’s 52-week price range has touched low of $6.00 and a $32.84 high.

Investors have identified the Agricultural Inputs company Intrepid Potash Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $361.12 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Intrepid Potash Inc. (IPI) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For IPI, the company has in raw cash 9.26 million on their books with 10.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 126.15 million total, with 64.44 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record -0.10 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IPI sounds very interesting.

Is the stock of IPI attractive?

In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.

2 out of 5 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Intrepid Potash Inc.. 2 analysts has assigned a Sell rating on the IPI stock. The 12-month mean consensus price target for the company’s shares has been set at $15.00.

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