During the last session, TPI Composites Inc (NASDAQ:TPIC)’s traded shares were 0.33 million, with the beta value of the company hitting 1.93. At the end of the trading day, the stock’s price was $3.45, reflecting an intraday gain of 1.32% or $0.05. The 52-week high for the TPIC share is $5.75, that puts it down -66.67 from that peak though still a striking 52.75% gain since the share price plummeted to a 52-week low of $1.63. The company’s market capitalization is $164.06M, and the average intraday trading volume over the past 10 days was 0.46 million shares, and the average trade volume was 590.36K shares over the past three months.
TPI Composites Inc (TPIC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. TPIC has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.15.
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TPI Composites Inc (NASDAQ:TPIC) trade information
TPI Composites Inc (TPIC) registered a 1.32% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.32% in intraday trading to $3.45, hitting a weekly high. The stock’s 5-day price performance is -0.29%, and it has moved by -19.95% in 30 days. Based on these gigs, the overall price performance for the year is 54.02%. The short interest in TPI Composites Inc (NASDAQ:TPIC) is 6.42 million shares and it means that shorts have 12.22 day(s) to cover.
The consensus price target of analysts on Wall Street is $28.5, which implies an increase of 87.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $42 respectively. As a result, TPIC is trading at a discount of -1117.39% off the target high and -44.93% off the low.
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 down -7.75% during the last six months, with a year-to-date growth rate more than the industry average at 14.18% against 12.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 91.20% this quarter and then drop -106.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -7.30% 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 367.9M as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to 374.89M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 381.63M and 296.99M respectively. In this case, analysts expect current quarter sales to shrink by -3.60% and then jump by 26.20% in the coming quarter.
While earnings are projected to return 19.94% in 2024.
TPIC Dividends
TPI Composites Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
TPI Composites Inc insiders own 7.64% of total outstanding shares while institutional holders control 73.05%, with the float percentage being 79.09%. OAKTREE CAPITAL MANAGEMENT LP is the largest shareholder of the company, while 188.0 institutions own stock in it. As of 2024-06-30, the company held over 4.6 million shares (or 9.7463% of all shares), a total value of $18.36 million in shares.
The next largest institutional holding, with 3.21 million shares, is of BLACKROCK INC.’s that is approximately 6.7934% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.79 million.
