In the last trading session, 2.09 million TPI Composites Inc (NASDAQ:TPIC) shares changed hands as the company’s beta touched 1.89. With the company’s per share price at $3.74 changed hands at $0.1 or 2.75% during last session, the market valuation stood at $177.54M. TPIC’s last price was a discount, traded about -227.27% off its 52-week high of $12.24. The share price had its 52-week low at $1.63, which suggests the last value was 56.42% up since then. When we look at TPI Composites Inc’s average trading volume, we note the 3-month average coming to 1.12 million.
TPI Composites Inc (NASDAQ:TPIC) trade information
Instantly TPIC was in green as seen at the end of in last trading. With action 34.53%, the performance over the past five days has been green. The jump to weekly highs of 4.09 added 2.75% to the stock’s daily price. The company’s shares are showing year-to-date downside of -9.66%, with the 5-day performance at 34.53% in the green. However, in the 30-day time frame, TPI Composites Inc (NASDAQ:TPIC) is 33.10% up.
TPI Composites Inc (TPIC) estimates and forecasts
Data shows that the TPI Composites Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 66.96% over the past 6 months, a 61.54% in annual growth rate that is considerably higher than the industry average of 7.70%. Year-over-year growth is forecast to reach -7.10% down from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 312.32M. 12 analysts are of the opinion that TPI Composites Inc’s revenue for the current quarter will be 369.38M. The company’s revenue for the corresponding quarters a year ago was 381.27M and 381.63M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -18.10%. The estimates for the next quarter sales put growth at -3.20%.
The 2024 estimates are for TPI Composites Inc earnings to increase by 47.74%.
TPIC Dividends
TPI Composites Inc is expected to release its next quarterly earnings report in June.
