In last trading session, TPI Composites Inc (NASDAQ:TPIC) saw 1.48 million shares changing hands with its beta currently measuring 1.90. Company’s recent per share price level of $4.70 trading at -$0.08 or -1.67% at ring of the bell on the day assigns it a market valuation of $223.48M. That closing price of TPIC’s stock is at a discount of -22.34% from its 52-week high price of $5.75 and is indicating a premium of 65.32% from its 52-week low price of $1.63. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.32 million shares which gives us an average trading volume of 586.72K if we extend that period to 3-months.
For TPI Composites Inc (TPIC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.29. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.14 in the current quarter.
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TPI Composites Inc (NASDAQ:TPIC) trade information
Upright in the red during last session for losing -1.67%, in the last five days TPIC remained trading in the green while hitting it’s week-highest on Monday, 10/14/24 when the stock touched $4.70 price level, adding 8.74% to its value on the day. TPI Composites Inc’s shares saw a change of 13.53% in year-to-date performance and have moved 7.31% in past 5-day. TPI Composites Inc (NASDAQ:TPIC) showed a performance of 7.55% in past 30-days. Number of shares sold short was 5.78 million shares which calculate 9.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 29 to the stock, which implies a rise of 83.79% to its current value. Analysts have been projecting 28 as a low price target for the stock while placing it at a high target of 42. It follows that stock’s current price would drop -495.74% in reaching the projected high whereas dropping to the targeted low would mean a loss of -495.74% for stock’s current value.
TPI Composites Inc (TPIC) estimates and forecasts
Statistics highlight that TPI Composites Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 71.53% of value to its shares in past 6 months, showing an annual growth rate of 15.38% while that of industry is 10.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -7.30% from the last financial year’s standing.
10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 367.9M for the same. And 10 analysts are in estimates of company making revenue of 374.89M in the next quarter. Company posted 381.63M and 296.99M of sales in current and next quarters respectively a year earlier.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
Insiders are in possession of 7.64% of company’s total shares while institution are holding 73.92 percent of that, with stock having share float percentage of 80.03%. Investors also watch the number of corporate investors in a company very closely, which is 73.92% institutions for TPI Composites Inc that are currently holding shares of the company. OAKTREE CAPITAL MANAGEMENT LP is the top institutional holder at TPIC for having 4.6 million shares of worth $18.36 million. And as of 2024-06-30, it was holding 9.7463 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 3.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.7934 of outstanding shares, having a total worth of $12.79 million.
