Stocks to Watch: Eyes on Kirby Corporation (KEX), Intrepid Potash, Inc. (IPI)

The price of Kirby Corporation (NYSE:KEX) went up by $2.88 now trading at $82.52. Their shares witnessed a 36.1% increase from the 52-week low price of $60.63 they recorded on 2018-12-24. Even though it is still -13.97% behind the $94.05 high touched on 2018-06-05. The last few days have been good for the stock, as its price has grew by 1.58% during the week. It has also performed better over the past three months, as it added around 8.51% while it has so far retreated around -8.51% during the course of a year. The stock of KEX recorded 22.51% uptrend from the beginning of this year till date. The 12-month potential price target for Kirby Corporation is set at $91.43. This target means that the stock has an upside potential to increase by 10.8% from the current trading price.

32 institutions entered new Kirby Corporation (NYSE:KEX) positions, 104 added to their existing positions in these shares, 123 lowered their positions, and 26 exited their positions entirely.

Kirby Corporation (KEX) trade volume has increased by 14.46% as around 528,023 shares were sold when compared with its 50-day average volume of traded shares which is 461,312. At the moment, KEX is witnessing a uptrend, as it is trading 1.69% above its 20-day SMA, 6.4% above its 50-day SMA, and 7.73% above its 200-day SMA. The company runs an ROE of roughly 2.8%, with financial analysts predicting that their earnings per share growth will be around 16.7% per annum for the next five year. This will be compared to the -21.7% decrease witnessed over the past five years.

The first technical resistance point for Kirby Corporation (NYSE:KEX) will likely come at $83.49, marking a 1.16% premium to the current level. The second resistance point is at $84.45, about 2.29% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $79.27, the lower end of the range. KEX’s 14-day MACD is -0.21 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 55.13, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 39.22 percent, which is high when compared to that of the 50-day’s 29.67 percent.

The shares of Intrepid Potash, Inc. (NYSE:IPI) has increased by 1.48%, and now trading at $3.42 on the Wall Street in the intra-day deal, with their shares traded now around 534,194. This is a rise of 44,574 shares over the average 489,620 shares that were traded daily over the last three months. The stock that is trading at $3.42 went higher by 36.25% from its 52-week low of $2.51 that it attained back on 2019-01-02. The stock recorded a 52-week high of $5.31 nearly 363 days ago on 2018-05-17.

IPI stock hasn’t performed well over the past 30 days, as it lost -11.86% while its price climbed by 31.54% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -9.76% over the last week. The stock’s 12-month potential target price is now at $4.39. This means that the stock price might likely increase by 28.36% from its current trading price. 1 out of 5 Wall Street analysts which represents 20% rated the stock as a buy while the remaining 40% rated it as a hold, with 40% of analysts rating it as a sell.

Intrepid Potash, Inc. (NYSE:IPI) has been utilizing an ROE that is roughly 3.9%, with stock analysts predicting that the company’s EPS for the next five years will go down by 0% per year, following the -21.2% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -7.01% below its 20-day SMA, -9.1% below its 50-day SMA, and -2.48% below its 200-day SMA. In percentage terms, the aggregate Intrepid Potash, Inc. shares held by institutional investors is 46.3%. 20 institutions jumped in to acquire Intrepid Potash, Inc. (IPI) fresh stake, 61 added to their current holdings in these shares, 52 lowered their positions, and 10 left no stake in the company.

The stock’s 9-day MACD is -0.1 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 39.02, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 54.57 percent, which is more when compared to that of the 50-day’s 41.42 percent. On the daily chart, we see that the stock could reach the first level of resistance at $3.46, sporting a 1.16% premium to the current level. The next resistance point is at $3.5, representing nearly 2.29% premium to the current market price of Intrepid Potash, Inc. (IPI). On the other hand, failure to breach the immediate hurdles can drag it down to $3.28, the lower end of the range.

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