Now Is A Good Time To Buy Intrepid Potash Inc. (NYSE: IPI) – Marketing Sentinel
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Now Is A Good Time To Buy Intrepid Potash Inc. (NYSE: IPI)

During the last session, Intrepid Potash Inc. (NYSE:IPI)’s traded shares were 0.66 million, with the beta value of the company hitting 2.06. At the end of the trading day, the stock’s price was $65.42, reflecting an intraday gain of 7.47% or $4.55. The 52-week high for the IPI share is $121.72, that puts it down -86.06 from that peak though still a striking 65.12% gain since the share price plummeted to a 52-week low of $22.82. The company’s market capitalization is $929.62M, and the average trade volume was 695.55K shares over the past three months.

Intrepid Potash Inc. (NYSE:IPI) trade information

Intrepid Potash Inc. (IPI) registered a 7.47% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 7.47% in intraday trading to $65.42 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -3.55%, and it has moved by -39.22% in 30 days. Based on these gigs, the overall price performance for the year is 149.31%.

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Intrepid Potash Inc. (IPI) estimates and forecasts

Statistics show that Intrepid Potash Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Intrepid Potash Inc. (IPI) shares have gone up 45.38% during the last six months, with a year-to-date growth rate more than the industry average at 477.91% against 23.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 2,140.00% this quarter and then jump 627.80% in the quarter after that. In the rating firms’ projections, revenue will increase 23.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $63.33 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $75.83 million by the end of Mar 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $48.44 million and $58.12 million respectively. In this case, analysts expect current quarter sales to grow by 30.70% and then jump by 30.50% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 33.30%. While earnings are projected to return 992.70% in 2022.

IPI Dividends

Intrepid Potash Inc. is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Intrepid Potash Inc. (NYSE:IPI)’s Major holders

Intrepid Potash Inc. insiders own 38.92% of total outstanding shares while institutional holders control 38.12%, with the float percentage being 62.40%. Blackrock Inc. is the largest shareholder of the company, while 130 institutions own stock in it. As of Sep 29, 2021, the company held over 0.89 million shares (or 6.63% of all shares), a total value of $27.53 million in shares.

The next largest institutional holding, with 0.62 million shares, is of Dimensional Fund Advisors LP’s that is approximately 4.64% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $19.28 million.

Also, the Mutual Funds coming in first place with the largest holdings of Intrepid Potash Inc. (IPI) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.28 million shares. This amounts to just over 2.11 percent of the company’s overall shares, with a $8.75 million market value. The same data shows that the other fund manager holds slightly less at 0.24 million, or about 1.75% of the stock, which is worth about $11.46 million.

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