In the last trading session, 2.32 million shares of the TPI Composites Inc (NASDAQ:TPIC) were traded, and its beta was 2.02. Most recently the company’s share price was $0.83, and it changed around -$0.06 or -5.83% from the last close, which brings the market valuation of the company to $39.75M. TPIC currently trades at a discount to its 52-week high of $5.75, offering almost -592.77% off that amount. The share price’s 52-week low was $0.88, which indicates that the current value has fallen by an impressive -6.02% since then. We note from TPI Composites Inc’s average daily trading volume that its 10-day average is 0.9 million shares, with the 3-month average coming to 1.17 million.
TPI Composites Inc stock received a consensus recommendation rating of Hold, based on a mean score of 3.00. If we narrow it down even further, the data shows that 2 out of 12 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 7 recommended TPIC as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. TPI Composites Inc is expected to report earnings per share of -0.57 for the current quarter.
TPI Composites Inc (NASDAQ:TPIC) trade information
Instantly TPIC has showed a red trend with a performance of -5.83% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2250 on recent trading dayincreased the stock’s daily price by 32.24%. The company’s shares are currently down -55.82% year-to-date, but still down -21.96% over the last five days. On the other hand, TPI Composites Inc (NASDAQ:TPIC) is -42.81% down in the 30-day period. We can see from the shorts that 8.36 million shares have been sold at a short interest cover period of 8.47 day(s).
The consensus price target as assigned by Wall Street analysts is $5, which translates to bulls needing to increase their stock price by 83.4% from its current value. Analyst projections state that TPIC is forecast to be at a low of $5 and a high of $5.
TPI Composites Inc (TPIC) estimates and forecasts
The year-over-year growth rate is expected to be 6.83%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 310.5M in revenue for the current quarter. 6 analysts expect TPI Composites Inc to make 366.94M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 299.06M and 309.82M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.83%. Forecasts for the next quarter put sales growth at 18.44%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -62.47%. TPI Composites Inc earnings are expected to increase by 75.72% in 2025, but the outlook is positive 59.20% per year for the next five years.
TPIC Dividends
TPI Composites Inc’s next quarterly earnings report is expected to be released on 2025-Feb-19.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 29.99% of TPI Composites Inc shares, and 62.96% of them are in the hands of institutional investors. The stock currently has a share float of 89.92%. TPI Composites Inc stock is held by 173.0 institutions, with OAKTREE CAPITAL MANAGEMENT LP being the largest institutional investor. By 2024-06-30, it held 9.6847% of the shares, which is about 4.6 million shares worth $18.36 million.
BLACKROCK INC., with 6.7934% or 3.21 million shares worth $12.79 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
