How Does The Future Look For Insmed Incorporated (INSM), Ironwood Pharmaceuticals, Inc. (IRWD) and Intrepid Potash, Inc. (IPI)
New York, NY – GDP INSIDER – 03/27/2015.
This article discusses three companies: Insmed Incorporated (NASDAQ:INSM), Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) and Intrepid Potash, Inc. (NYSE:IPI)
Insmed Incorporated (NASDAQ:INSM) lost fifty three cents to close the day at $19.47, a 2.65% decrease in value from its previous closing price on higher than average trading volume of 1.05 million compared to its three month average trading volume of 0.483 million. Insmed Incorporated has been outperforming the S&P 500 since the beginning of the year, with the stock up 25.86% YTD compared to the index which is down 0.13% for the same period. With a one year price target estimate of $30.57 there is still plenty of upside potential in the stock making it a hold and potential medium to long term buy.
Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) oscillated between $14.77 and $15.67 during yesterday’s trading before ending the session $0.34 above at $15.44, a 2.25% increase in value from its previous closing price of $15.10. The US based differentiated medicines developer, which has a market cap of 2.13 billion, had a trading volume of 1.04 million, a figure which is slightly higher than its three month average trading volume of 0.957 million. With strong quarterly revenue growth (yoy) of 662.00% and gross margin (ttm) of 66.50%, the stock has good investment potential if bought towards the lower end of its volatile trading range.
Intrepid Potash, Inc. (NYSE:IPI) continued to climb yesterday with the stock gaining 0.51% or $0.06 to close the day at a new closing price of $11.90 with more than 1.04 million shares changing hands, compared to its three month average trading volume of 0.708 million. The US-based producer of muriate of potash has been underperforming the S&P 500 with the stock down 18.49% over the past one year, compared to the index which is up 11.20% for the same period. The RSI of 42.16 indicates the stock is not undervalued at the current levels, the MFI of 41.64 shows the money is flowing in the right direction and still has room to improve, making it a hold for now.
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