TPI Composites Inc (NASDAQ:TPIC) has a beta value of 1.95 and has seen 0.93 million shares traded in the recent trading session. The company, currently valued at $131.73M, closed the recent trade at $2.77 per share which meant it lost -$0.96 on the day or -25.74% during that session. The TPIC stock price is -107.58% off its 52-week high price of $5.75 and 41.16% above the 52-week low of $1.63. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 568.61K shares.
The consensus among analysts is that TPI Composites Inc (TPIC) is Buy stock at the moment, with a recommendation rating of 2.33. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.15.
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TPI Composites Inc (NASDAQ:TPIC) trade information
Sporting -25.74% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TPIC stock price touched $2.77 or saw a rise of 26.33%. Year-to-date, TPI Composites Inc shares have moved -33.09%, while the 5-day performance has seen it change -19.01%. Over the past 30 days, the shares of TPI Composites Inc (NASDAQ:TPIC) have changed -38.72%. Short interest in the company has seen 6.42 million shares shorted with days to cover at 12.22.
Wall Street analysts have a consensus price target for the stock at $28.5, which means that the shares’ value could jump 90.28% from the levels at last check today.. The projected low price target is $5.0 while the price target rests at a high of $42.0. In that case, then, we find that the latest price level in today’s session is -1416.25% off the targeted high while a plunge would see the stock gain -80.51% from the levels at last check today..
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 lost -27.96% over the past 6 months, with this year growth rate of 14.18%, compared to 12.90% for the industry. Revenue growth from the last financial year stood is estimated to be -7.30%.
10 analysts offering their estimates for the company have set an average revenue estimate of 367.9M for the current quarter. 10 have an estimated revenue figure of 374.89M for the next ending quarter. Year-ago sales stood 381.63M and 296.99M respectively for this quarter and the next, and analysts expect sales will shrink by -3.60% for the current quarter and -7.30% for the next.
TPIC Dividends
TPI Composites Inc is expected to release its next earnings report on 2024-Nov-07 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
Insiders own 7.64% of the company shares, while shares held by institutions stand at 72.93% with a share float percentage of 78.97%. Investors are also buoyed by the number of investors in a company, with TPI Composites Inc having a total of 190.0 institutions that hold shares in the company. The top two institutional holders are OAKTREE CAPITAL MANAGEMENT LP with over 4.6 million shares worth more than $18.36 million. As of 2024-06-30, OAKTREE CAPITAL MANAGEMENT LP held 9.7463% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 3.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.79 million and represent 6.7934% of shares outstanding.
