Intrepid Potash Inc (NYSE: IPI) has reported E.P.S. of $-0.14 for its third fiscal quarter (ending September 30) versus $-0.56 for the same period a year ago — a decline of -75%. For the latest four quarters through September 30, E.P.S. were $-3.36 versus $0.44 for the same period a year ago — a decline of -864%.
Recent Price Action
On 11/4/24, Intrepid Potash Inc (NYSE: IPI) stock enjoyed a very large increase of 5.3%, closing at $26.72. Moreover, exceptionally high trading volume at 305% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 8.0% during the last week.
Current PriceTarget Research Rating
IPI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Intrepid Potash has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Intrepid Potash has a slightly positive Power Rating of 67 and a good Appreciation Score of 73, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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