Intrepid Potash Inc (NYSE: IPI) stock closed at $24.59 on 5/9/24 after a major increase of 16.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 352% of normal. The stock has risen 22.8% during the last week but has been weak relative to the market over the last nine months.
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 D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Intrepid Potash has a good Appreciation Score of 79 but a very low Power Rating of 1, producing the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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