TPI Composites Inc (NASDAQ:TPIC) has a beta value of 2.02 and has seen 0.42 million shares traded in the recent trading session. The company, currently valued at $124.83M, closed the recent trade at $2.64 per share which meant it lost -$0.14 on the day or -4.95% during that session. The TPIC stock price is -418.18% off its 52-week high price of $13.68 and 38.26% above the 52-week low of $1.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.85 million shares traded. The 3-month trading volume is 1.11 million shares.

TPI Composites Inc (NASDAQ:TPIC) trade information

Sporting -4.95% in the red today, the stock has traded in the red over the last five days, when the TPIC stock price touched $2.64 or saw a rise of 12.0%. Year-to-date, TPI Composites Inc shares have moved -36.17%, while the 5-day performance has seen it change -6.63%. Over the past 30 days, the shares of TPI Composites Inc (NASDAQ:TPIC) have changed -16.11%. Short interest in the company has seen 6.45 million shares shorted with days to cover at 5.04.

TPI Composites Inc (TPIC) estimates and forecasts

Figures show that TPI Composites Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 1.25% over the past 6 months, with this year growth rate of 67.31%, compared to 9.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -2.80% and 66.70% for the next quarter. Revenue growth from the last financial year stood is estimated to be -7.30%.

11 analysts offering their estimates for the company have set an average revenue estimate of $293.07 million for the current quarter. 11 have an estimated revenue figure of $313.12 million for the next quarter concluding in Jun 2024. Year-ago sales stood $378.44 million and $381.27 million respectively for this quarter and the next, and analysts expect sales will shrink by -22.60% for the current quarter and -17.90% for the next.

TPIC Dividends

TPI Composites Inc is expected to release its next earnings report between May 01 and May 06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

TPI Composites Inc (NASDAQ:TPIC)’s Major holders

Insiders own 2.98% of the company shares, while shares held by institutions stand at 79.78% with a share float percentage of 82.23%. Investors are also buoyed by the number of investors in a company, with TPI Composites Inc having a total of 211 institutions that hold shares in the company. The top two institutional holders are Oaktree Capital Management Lp with over 4.6 million shares worth more than $12.1 million. As of Dec 30, 2023, Oaktree Capital Management Lp held 9.74% of shares outstanding.

The other major institutional holder is Point72 Asset Management, L.P., with the holding of over 3.24 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $8.52 million and represent 6.86% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Dec 30, 2023, the former fund manager holds about 2.62% shares in the company for having 1.24 million shares of worth $3.26 million while later fund manager owns 1.07 million shares of worth $2.82 million as of Jan 30, 2024, which makes it owner of about 2.27% of company’s outstanding stock.