TPI Composites Inc (NASDAQ:TPIC) currently has a daily average trading volume of 671.96K but it saw 714420 shares traded in last market. With a market cap of 207.79M USD, the company’s current market price of $4.37 remained unchanged while comparing to the previous closing price of $4.37. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.75 and as low as $1.63. In the recent trading on the day, stock has struck highest price mark of $4.29 while lowest mark touched by it was $4.64.
Taking a look at 20-day trading activity of TPI Composites Inc (TPIC) gives us an average price of $3.99, while its current price level is -24.00% below from 52-week high level whereas it is 168.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.07 while that of 200 days or SMA-200 reads an average of $3.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.34% during that period while stretching the period over a month that decreases to 7.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 59.32 which implies that the stock is in neutral territory.
ROTH MKM downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 27, 2023 while assigning a price target range of $15-$10. Johnson Rice also issued its recommendations for the stock as it downgraded the price target for the stock is $10.
Over the week, TPIC’s stock price is moving 17.16% up while it is 9.52% when we observe its performance for the past one month. Year-to-date it is 5.56% up and over the past year, the stock is showing an upside performance of 39.62%.
Currently, TPI Composites Inc’s total number of outstanding shares is 46.47M. Company’s return on investment (ROI) stands at -74.02% and return on equity (ROE) at -352.92%. Stock’s beta reads 1.90. Stock has a price to sale or P/S ratio amounts to 0.16. Its return on asset (ROA) is -28.84% on average.
