TPI Composites Inc (NASDAQ:TPIC) currently has a daily average trading volume of 1.62M but it saw 2435655 shares traded in last market. With a market cap of 97.08M USD, the company’s current market price of $1.89 came rising about 8.00 while comparing to the previous closing price of $1.75. 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 $1.75 while lowest mark touched by it was $2.1492.
Taking a look at 20-day trading activity of TPI Composites Inc (TPIC) gives us an average price of $1.6245, while its current price level is -67.13% below from 52-week high level whereas it is 71.82% 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 $2.2991 while that of 200 days or SMA-200 reads an average of $3.5331. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.82% during that period while stretching the period over a month that decreases to 21.37%. 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 50.08 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 4.42% up while it is -7.35% when we observe its performance for the past one month. Year-to-date it is -54.35% down and over the past year, the stock is showing a downside performance of -54.35%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.34 while estimate for next year EPS is -3.79. In next quarter, company is expected to be making quarterly sales of $367.78M as analysts are expecting the sales for current fiscal year at $1.36B and seeing the company making $1.61B in sales next year. Moreover, analysts are in estimates of $366.23M for current-quarter revenue.
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 1.83. Stock has a price to sale or P/S ratio amounts to 0.08. Its return on asset (ROA) is -27.52% on average.
