TPI Composites Inc (NASDAQ:TPIC) currently has a daily average trading volume of 1.53M but it saw 2303908 shares traded in last market. With a market cap of 92.75M USD, the company’s current market price of $1.95 came rising about 4.84 while comparing to the previous closing price of $1.86. In past 52 weeks, the stock remained buoying in the range of price level as high as $5.75 and as low as $1.10. In the recent trading on the day, stock has struck highest price mark of $1.69 while lowest mark touched by it was $2.16.
Taking a look at 20-day trading activity of TPI Composites Inc (TPIC) gives us an average price of $1.6455, while its current price level is -66.09% below from 52-week high level whereas it is 77.27% 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 $2.4514 while that of 200 days or SMA-200 reads an average of $3.5458. A closer look into the stock’s movement over the week reveals that its volatility is standing at 45.11% during that period while stretching the period over a month that decreases to 20.09%. 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 51.15 which implies that the stock is in neutral territory.
Morgan Stanley downgraded its recommendation for the stock as a “Underweight” from “Equal-Weight” on November 15, 2024 while assigning a price target range of $4-$2. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $5.
Over the week, TPIC’s stock price is moving 57.26% up while it is -8.88% when we observe its performance for the past one month. Year-to-date it is -52.90% down and over the past year, the stock is showing a downside performance of -53.68%.
Currently, TPI Composites Inc’s total number of outstanding shares is 47.56M. Company’s return on investment (ROI) stands at -70.82% and return on equity (ROE) at -352.92%. Stock’s beta reads 1.82. Stock has a price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is -27.52% on average.
