During the last session, TPI Composites Inc (NASDAQ:TPIC)’s traded shares were 1.16 million, with the beta value of the company hitting 2.04. At the end of the trading day, the stock’s price was $2.39, reflecting an intraday loss of -3.24% or -$0.08. The 52-week high for the TPIC share is $13.24, that puts it down -453.97 from that peak though still a striking 31.8% gain since the share price plummeted to a 52-week low of $1.63. The company’s market capitalization is $113.45M, and the average trade volume was 1.03 million shares over the past three months.
TPI Composites Inc (NASDAQ:TPIC) trade information
TPI Composites Inc (TPIC) registered a -3.24% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.24% in intraday trading to $2.39, hitting a weekly high. The stock’s 5-day price performance is -11.15%, and it has moved by -11.48% in 30 days. Based on these gigs, the overall price performance for the year is -80.73%.
TPI Composites Inc (TPIC) estimates and forecasts
Statistics show that TPI Composites Inc has outperformed its competitors in share price, compared to the industry in which it operates. TPI Composites Inc (TPIC) shares have gone up 6.22% during the last six months, with a year-to-date growth rate more than the industry average at 64.66% against 9.70. In the rating firms’ projections, revenue will decrease -6.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 296.28M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 314.91M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 378.44M and 381.27M respectively. In this case, analysts expect current quarter sales to shrink by -21.70% and then drop by -17.40% in the coming quarter.
While earnings are projected to return 64.53% in 2024.
TPIC Dividends
TPI Composites Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
