Stock Rating Upgrade
In the last week the Value Trend Rating for Intrepid Potash Inc (NYSE: IPI) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 7/29/24, Intrepid Potash Inc (NYSE: IPI) stock declined by -3.0%, closing at $26.12. However, this decline was accompanied by normal trading volume at 83% of normal. Relative to the market the stock has been strong over the last nine months and has risen 7.4% 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 VT Rating improved in recent days from C previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Intrepid Potash has a neutral Power Rating of 56 and a slightly positive Appreciation Score of 70, producing the Positive Value Trend Rating.
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