TPI Composites Inc (NASDAQ:TPIC) has a beta value of 2.01 and has seen 0.55 million shares traded in the recent trading session. The company, currently valued at $145.97M, closed the recent trade at $3.08 per share which meant it gained $0.3 on the day or 10.61% during that session. The TPIC stock price is -306.82% off its 52-week high price of $12.53 and 47.08% above the 52-week low of $1.63. The 3-month trading volume is 1.05 million shares.
TPI Composites Inc (NASDAQ:TPIC) trade information
Sporting 10.61% in the green today, the stock has traded in the green over the last five days, when the TPIC stock price touched $3.08 or saw a fall of -3.01%. Year-to-date, TPI Composites Inc shares have moved -25.72%, while the 5-day performance has seen it change 20.12%. Over the past 30 days, the shares of TPI Composites Inc (NASDAQ:TPIC) have changed 5.67%.
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 30.30% over the past 6 months, with this year growth rate of 64.66%, compared to 9.90% 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 67.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be -6.90%.
12 analysts offering their estimates for the company have set an average revenue estimate of $296.28 million for the current quarter. 12 have an estimated revenue figure of $314.91 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 -21.70% for the current quarter and -17.40% for the next.
TPIC Dividends
TPI Composites Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
