TPI Composites Inc (NASDAQ:TPIC) currently has a daily average trading volume of 1.82M but it saw 855955 shares traded in last market. With a market cap of 69.44M USD, the company’s current market price of $1.46 came rising about 2.82 while comparing to the previous closing price of $1.42. 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.
Taking a look at 20-day trading activity of TPI Composites Inc (TPIC) gives us an average price of $1.4755, while its current price level is -74.61% below from 52-week high level whereas it is 32.73% 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 $1.5518 while that of 200 days or SMA-200 reads an average of $3.3265. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.17% during that period while stretching the period over a month that decreases to 10.04%. 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 48.22 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 18.70% up while it is 0.00% when we observe its performance for the past one month. Year-to-date it is -22.75% down and over the past year, the stock is showing a downside performance of -50.34%.
The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of -0.34 while estimate for next year EPS is -3.85. In next quarter, company is expected to be making quarterly sales of $374.04M as analysts are expecting the sales for current fiscal year at $1.35B and seeing the company making $1.59B in sales next year. Moreover, analysts are in estimates of $364.83M for current-quarter revenue.
Currently, TPI Composites Inc’s total number of outstanding shares is 47.56M with 32.58% of that held by the insiders while 63.43% 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 2.02. Stock has a price to sale or P/S ratio amounts to 0.05. Its return on asset (ROA) is -27.52% on average.
