In the last trading session, 5.01 million TPI Composites Inc (NASDAQ:TPIC) shares changed hands as the company’s beta touched 1.78. With the company’s per share price at $1.81 changed hands at -$0.59 or -24.58% during last session, the market valuation stood at $169.35M. TPIC’s last price was a discount, traded about -217.68% off its 52-week high of $5.75. The share price had its 52-week low at $1.10, which suggests the last value was 39.23% up since then. When we look at TPI Composites Inc’s average trading volume, we note the 10-day average is 4.99 million shares, with the 3-month average coming to 1.41 million.

Analysts gave the TPI Composites Inc (TPIC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.85. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended TPIC as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. TPI Composites Inc’s EPS for the current quarter is expected to be -0.34.

TPI Composites Inc (NASDAQ:TPIC) trade information

Instantly TPIC was in red as seen at the end of in last trading. With action 33.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -56.28%, with the 5-day performance at 33.58% in the green. However, in the 30-day time frame, TPI Composites Inc (NASDAQ:TPIC) is -7.18% down. Looking at the short shares, we see there were 7.59 million shares sold at short interest cover period of 8.4 days.

The consensus price target for the stock as assigned by Wall Street analysts is 5, meaning bulls need an upside of 63.8% from its current market value. According to analyst projections, TPIC’s forecast low is 5 with 5 as the target high. To hit the forecast high, the stock’s price needs a -176.24% plunge from its current level, while the stock would need to soar -176.24% for it to hit the projected low.

TPI Composites Inc (TPIC) estimates and forecasts

Data shows that the TPI Composites Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -57.51% over the past 6 months, a -6.73% in annual growth rate that is considerably lower than the industry average of 7.10%. Year-over-year growth is forecast to reach -6.82% down from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 366.23M. 8 analysts are of the opinion that TPI Composites Inc’s revenue for the current quarter will be 367.78M. The company’s revenue for the corresponding quarters a year ago was 296.99M and 299.06M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 23.31%. The estimates for the next quarter sales put growth at 22.98%.

The 2024 estimates are for TPI Composites Inc earnings to decrease by -5.54%.

TPIC Dividends

TPI Composites Inc is expected to release its next quarterly earnings report in January.

TPI Composites Inc (NASDAQ:TPIC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 7.78% of TPI Composites Inc shares while 73.80% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 80.03%. There are 73.80% institutions holding the TPI Composites Inc stock share, with OAKTREE CAPITAL MANAGEMENT LP the top institutional holder. As of 2024-06-30, the company held 9.7463% of the shares, roughly 4.6 million TPIC shares worth $18.36 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.7934% or 3.21 million shares worth $12.79 million as of 2024-06-30.