Intrepid Potash Inc. (IPI) shares are trading at higher $13.20 and the avg recommendation for the stock is Hold.
To add more color to this target, the company’s high over the last year is $37.80 and the low is $6.00. Over the last 52 weeks, IPI is down -65.08% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, IPI reported a profit of $-0.6 million. Intrepid Potash Inc. also saw revenues decrease to $46.45 million. In addition, IPI has free cash flow of $12.9 million as of 06-2020. The company’s EBITDA came in at $10000.0 which compares well with its peers.
IPI booked profit margins of -6.80%, its Return on Equity (ROE) is -3.40%, and its Return on Assets is -2.50%. All told, it is clear that, IPI needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. IPI has a short ratio of 20.03 and outstanding shares of 132.95M.
IPI has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.37 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.11. Intrepid Potash Inc. IPI also noted assets of $567.83 million at the end of the last quarter. Investors should also keep an eye on sector updates as IPI has historically followed its peers on positive news.
All told, Intrepid Potash Inc. IPI has strung together solid data and demonstrated underlying fundamentals. At its current valuation, IPI represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Intrepid Potash Inc. IPI is now commanding a market cap of 160.38M and a float of 92.46M. IPI is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of IPI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in IPI, either long or short, and we have not been compensated for this article.