Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Intrepid Potash Inc (NYSE: IPI) weakened during the last several trading days. IPI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Intrepid Potash Inc (NYSE: IPI) stock closed at $20.21 on 3/8/24 after a major decline of -10.8%. Moreover, exceptionally high trading volume at 312% of normal accompanied the decline. The stock has declined -4.1% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, IPI is expected to continue to be Value Creation neutral.
Intrepid Potash has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Intrepid Potash has a good Appreciation Score of 78 but a very low Power Rating of 8, with the Negative Value Trend Rating the result.
Be the first to comment