TPI Composites Inc (NASDAQ:TPIC)’s traded shares stood at 1.47 million during the last session, with the company’s beta value hitting 1.85. At the close of trading, the stock’s price was $2.38, to imply an increase of 12.26% or $0.26 in intraday trading. The TPIC share’s 52-week high remains $5.75, putting it -141.6% down since that peak but still an impressive 20.17% since price per share fell to its 52-week low of $1.90. The company has a valuation of $113.20M, with an average of 1.07 million shares in intraday trading volume over the past 10 days and average of 590.72K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for TPI Composites Inc (TPIC), translating to a mean rating of 2.47. Of 7 analyst(s) looking at the stock, 0 analyst(s) give TPIC a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.24.
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TPI Composites Inc (NASDAQ:TPIC) trade information
After registering a 12.26% upside in the last session, TPI Composites Inc (TPIC) has traded red over the past five days. The 5-day price performance for the stock is -14.85%, and -49.36% over 30 days. With these gigs, the year-to-date price performance is -42.51%. Short interest in TPI Composites Inc (NASDAQ:TPIC) saw shorts transact 6.69 million shares and set a 14.92 days time to cover.
The extremes give us $5 and $42 for target low and target high price respectively. As such, TPIC has been trading -1664.71% off suggested target high and -110.08% from its likely low.
TPI Composites Inc (TPIC) estimates and forecasts
Looking at statistics comparing TPI Composites Inc share performance against respective industry, we note that the company has underperformed competitors. TPI Composites Inc (TPIC) shares are -45.29% down over the last 6 months, with its year-to-date growth rate lower than industry average at 1.20% against 8.50%. Revenue is forecast to shrink -147.76% this quarter before jumping 84.84% for the next one. The rating firms project that company’s revenue will shrink -6.93% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 364.73M. Meanwhile, for the current quarter, a total of 8 analyst(s) estimate revenue growth to 370.4M.Earnings reports from the last fiscal year show that sales brought in 296.99M and 299.06M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 22.81% before jumping 23.85% in the following quarter.
TPIC Dividends
TPI Composites Inc has its next earnings report out in December. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
TPI Composites Inc insiders hold 7.64% of total outstanding shares, with institutional holders owning 73.10% of the shares at 79.15% float percentage. In total, 73.10% institutions holds shares in the company, led by OAKTREE CAPITAL MANAGEMENT LP. As of 2024-06-30, the company held over 4.6 million shares (or 9.7463% of shares), all amounting to roughly $18.36 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 3.21 million shares, or about 6.7934% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $12.79 million.
