TPI Composites Inc (NASDAQ:TPIC) currently has a daily average trading volume of 1.82M but it saw 1649100 shares traded in last market. With a market cap of 74.67M USD, the company’s current market price of $1.57 came rising about 7.53 while comparing to the previous closing price of $1.46. 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 $1.33 while lowest mark touched by it was $1.58.
Taking a look at 20-day trading activity of TPI Composites Inc (TPIC) gives us an average price of $1.7307, while its current price level is -72.70% below from 52-week high level whereas it is 42.73% 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 $1.8167 while that of 200 days or SMA-200 reads an average of $3.4568. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.98% during that period while stretching the period over a month that increases to 20.65%. 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 45.70 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 6.80% up while it is 26.61% when we observe its performance for the past one month. Year-to-date it is -16.93% down and over the past year, the stock is showing a downside performance of -40.98%.
Currently, TPI Composites Inc’s total number of outstanding shares is 47.56M with 7.78% of that held by the insiders while 73.08% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -70.82% and return on equity (ROE) at -352.92%. Stock’s beta reads 1.80. Stock has a price to sale or P/S ratio amounts to 0.06. Its return on asset (ROA) is -27.52% on average.
