TPI Composites Inc (NASDAQ:TPIC) currently has a daily average trading volume of 586.72K but it saw 1483762 shares traded in last market. With a market cap of 223.48M USD, the company’s current market price of $4.70 came falling about -1.67 while comparing to the previous closing price of $4.78. 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 $4.6 while lowest mark touched by it was $5.0.
Taking a look at 20-day trading activity of TPI Composites Inc (TPIC) gives us an average price of $4.51, while its current price level is -18.26% below from 52-week high level whereas it is 188.34% 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 $4.15 while that of 200 days or SMA-200 reads an average of $3.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.08% during that period while stretching the period over a month that decreases to 6.98%. 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 57.59 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 7.31% up while it is 7.55% when we observe its performance for the past one month. Year-to-date it is 13.53% up and over the past year, the stock is showing an upside performance of 59.86%.
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 0.17. Its return on asset (ROA) is -28.84% on average.
