Home Sectors Basic Materials Technicals and Fundamentals: Intrepid Potash Inc (NYSE: IPI)

Technicals and Fundamentals: Intrepid Potash Inc (NYSE: IPI)

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Intrepid Potash Inc is part of the basic materials sector and is in the agriculture industry. The company CEO is Robert P. Jornayvaz. Intrepid Potash Inc produces and sells potash and potash byproducts. The company operates through two main product segments: Potash and Trio primarily producing selling potash and specialty fertilizer that consists of potassium, sulfate, and magnesium.

Previous Intraday Trading Performance:

The IPI stock showed a previous change of 0.93% with an open at 3.28 and a close of 3.27. It reached an intraday high of 3.30 and a low of 3.24.

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Liquidity:

The stock has a market cap of $428.5m with 131.0m shares outstanding, of which the float is 127.5m shares. Trading volume reached 268,135 shares compared to its average volume of 438,837 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, Intrepid Potash Inc shares returned 0.93% and in the past 30 trading days it returned -9.17%. Over three months, it changed -14.62%. In one year it has changed -31.30% and within that year its 52-week high was 4.73 and its 52-week low was 2.51. IPI stock is 30.28% above its 52 Week Low.

Our calculations show a 200 day moving average of 3.48 and a 50 day moving average of 3.52. Currently IPI stock is trading -5.95% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

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Earnings:

The last annual fiscal EPS for the company was reported at 0.09 that ended on 31st of December 2018, which according to the previous close, that is a PE of 36.33. Based on 1 analyst estimate, the estimated EPS for the next quarter is 0.03. The TTM EPS is 0.09, which comes to a TTM PE of 36.33.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 05/07/2019): 0.05
4thQtr of 2018 (Reported on 03/12/2019): 0.06
3rdQtr of 2018 (Reported on 10/30/2018): 0.03
2ndQtr of 2018 (Reported on 08/02/2018): -0.01
1stQtr of 2018 (Reported on 04/24/2018): 0.01

Base on our calculations, the intrinsic value per share is 3.04, which means it may be overvalued by -7.74%.

Indicators to Watch:

Based on the latest filings, there is 63.40% of institutional ownership. Short-interest was 2,752,882, which was 2.10% of shares outstanding. The short-interest ratio or days-to-cover ratio was 5.99. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 1.19.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 4.08%, return on assets is 3.22%, profit margin is 8.19%, price-to-sales is 2.13 and price-to-book is 1.00.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 2  :Past Performance Score
 6  :Financial Strength Score
 2  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.