During the last session, TPI Composites Inc (NASDAQ:TPIC)’s traded shares were 1.65 million, with the beta value of the company hitting 1.80. At the end of the trading day, the stock’s price was $1.57, reflecting an intraday gain of 7.53% or $0.11. The 52-week high for the TPIC share is $5.75, that puts it down -266.24 from that peak though still a striking 29.94% gain since the share price plummeted to a 52-week low of $1.10. The company’s market capitalization is $74.67M, and the average intraday trading volume over the past 10 days was 0.96 million shares, and the average trade volume was 1.82 million 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 2.83. 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.
TPI Composites Inc (NASDAQ:TPIC) trade information
TPI Composites Inc (TPIC) registered a 7.53% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.53% in intraday trading to $1.57, hitting a weekly high. The stock’s 5-day price performance is 6.80%, and it has moved by 26.61% in 30 days. Based on these gigs, the overall price performance for the year is -40.98%. The short interest in TPI Composites Inc (NASDAQ:TPIC) is 7.64 million shares and it means that shorts have 2.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $5, which implies an increase of 68.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5 and $5 respectively. As a result, TPIC is trading at a discount of -218.47% off the target high and -218.47% off the low.
TPI Composites Inc (TPIC) estimates and forecasts
Statistics show that TPI Composites Inc has underperformed its competitors in share price, compared to the industry in which it operates. TPI Composites Inc (TPIC) shares have gone down -65.72% during the last six months, with a year-to-date growth rate less than the industry average at -3.13% against 3.20.
While earnings are projected to return -5.16% in 2025.
TPIC Dividends
TPI Composites Inc is due to release its next quarterly earnings in February. 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 7.78% of total outstanding shares while institutional holders control 73.08%, with the float percentage being 79.24%. 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.
Also, the Mutual Funds coming in first place with the largest holdings of TPI Composites Inc (TPIC) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.48 shares. This amounts to just over 3.10 percent of the company’s overall shares, with a $2.32 million market value. The same data shows that the other fund manager holds slightly less at 1.18, or about 2.49% of the stock, which is worth about $1.86 million.
