Intrepid Potash (NYSE:IPI) Downgraded by Zacks Investment Research to Sell

Intrepid Potash stock has undergone multiple analysts rating changes in the recent past.  Intrepid Potash Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Sell. The analysts previously had rating of Hold.

Shares of Intrepid Potash traded up $0.01 on Wednesday, reaching $40.50. 0 shares of the stock traded hands, compared to its average volume of 104743. Shares of Intrepid Potash were trading at $40.50 on Wednesday. The firm’s 50 day moving average is $32.07 and its 200 day moving average is $30.21.Intrepid Potash has a 12 month low of $39.45 and a 12 month high of $42.20. While on yearly highs and lows, Intrepid Potash’s today has traded high as $42.20 and has touched $39.45 on the downward trend. See More Analyst Rating at: RATING

Intrepid Potash Earnings and What to expect: 

Intrepid Potash last posted its earnings results on August 1st, 2021. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.42 by $0.13. The company had revenue of $57.77 million for the quarter, compared to analysts’ expectations of $48.60 million. Intrepid Potash has generated ($1.52) earnings per share over the last year ($0.81 diluted earnings per share) and currently has a price-to-earnings ratio of 50.0. Earnings for Intrepid Potash are expected to grow by 21.74% in the coming year, from $2.30 to $2.80 per share. Intrepid Potash has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 1st, 2021 based off prior year’s report dates.

Earnings for Intrepid Potash are expected to grow by 21.74% in the coming year, from $2.30 to $2.80 per share. The P/E ratio of Intrepid Potash is 50.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.54. The P/E ratio of Intrepid Potash is 50.00, which means that it is trading at a more expensive P/E ratio than the Basic Materials sector average P/E ratio of about 15.84. Intrepid Potash has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Intrepid Potash (NYSE:IPI) Moving Average Technical Analysis

5 day Moving Average is $37.44 And 5 day price change is $7.96 (24.46%)  with average volume for 5 day average is 171,020. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $32.57 and 20 day price change is $10.78 (36.27%) and average 20 day moving volume is 115,240. 50 day moving average is $32.07  and 50 day price change is $6.48 ( 19.05%)  and with average volume for 50 days is : 111,628. 200 day moving average is $30.21  and 200 day price change is $23.05 (132.09%)  and with average volume for 200 days is : 171,458.

Other owners latest trading in Intrepid Potash :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 9,887 which equates to market value of $0.32M and appx 0.00% owners of Intrepid Potash
  • On 8/23/2021 shares held by Morgan Stanley were 83,290 which equates to market value of $2.65M and appx 0.00% owners of Intrepid Potash
  • On 8/17/2021 shares held by Invesco Ltd. were 17,930 which equates to market value of $0.57M and appx 0.00% owners of Intrepid Potash
  • In total Institutional ownership equates to Institutional Ownership Percentage: 35.10% for Intrepid Potash

See More Analyst Rating at: RATING