IPI Stock Summary and Trading Ideas (Intrepid Potash | NYSE:IPI)

Intrepid Potash Inc produces and sells potash and potash byproducts in three main product segments: Potash, Trio, and Oilfield Solutions. The Potash segment produces and sells potash to the agricultural industry as a fertilizer input, the industrial market as a component of oil and gas drilling fluid, and the animal feed market as a nutrient supplement. The Trio segment produces and sells specialty fertilizer that consists of potassium, sulfate, and magnesium and is mined from langbeinite ore. The oilfield solutions segment offers water, high-speed potassium chloride mixing services, saltwater disposal services, and trucking services. The vast majority of revenue is generated in the United States, which is also the location of the firm's production facilities.

Intrepid Potash trades on the NYSE stock market under the symbol IPI.

As of May 8, 2024, IPI stock price declined to $21.07 with 67,254 million shares trading.

IPI has a beta of 1.08, meaning it tends to be more sensitive to market movements. IPI has a correlation of 0.06 to the broad based SPY ETF.

IPI has a market cap of $276.88 million. This is considered a Small Cap stock.

Last quarter Intrepid Potash reported $57 million in Revenue and -$.41 earnings per share. This beat revenue expectation by $13 million and missed earnings estimates by -$.35.

In the last 3 years, IPI stock traded as high as $121.72 and as low as $17.23.

The top ETF exchange traded funds that IPI belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

IPI stock has underperformed the market in the last year with a return of +0.7%, while SPY returned +27.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IPI shares. However, IPI has outperformed the market in the last 3 month and 2 week periods, returning +18.0% and +7.0%, while SPY returned +4.2% and +2.3%, respectively. This indicates IPI has been having a stronger performance recently.

IPI support price is $20.76 and resistance is $21.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IPI stock will trade within this expected range on the day.