Intrepid Potash (IPI) Soars 8.4%: Is Further Upside Left in the Stock?

Group 1 - Intrepid Potash (IPI) shares increased by 8.4% to close at $31.14, contrasting with a 4.2% loss over the past four weeks, indicating strong trading volume [1] - The rally in IPI's stock reflects positive market fundamentals for potash and robust demand for its products, particularly the specialty fertilizer Trio, with a 25% increase in potash sales volumes to 69,000 tons in Q2 [2] - The company is projected to report quarterly earnings of $0.13 per share, representing a year-over-year increase of 192.9%, while revenues are expected to be $45.75 million, down 7.6% from the previous year [3] Group 2 - The consensus EPS estimate for IPI has remained stable over the last 30 days, suggesting that stock price movements may not sustain without earnings estimate revisions [4] - IPI holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence, while another industry player, Nutrien (NTR), saw a 4.7% increase in its stock price, but has returned -3.7% over the past month [5] - Nutrien's EPS estimate has decreased by 0.7% to $0.92, reflecting a year-over-year change of 135.9%, and it currently holds a Zacks Rank of 3 (Hold) [6]