In the last trading session, 1.13 million TPI Composites Inc (NASDAQ:TPIC) shares changed hands as the company’s beta touched 2.10. With the company’s per share price at $1.23 changed hands at -$0.01 or -0.81% during last session, the market valuation stood at $59.84M. TPIC’s last price was a discount, traded about -333.33% off its 52-week high of $5.33. The share price had its 52-week low at $0.64, which suggests the last value was 47.97% up since then.
Analysts gave the TPI Composites Inc (TPIC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.75. 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 -0.52.
TPI Composites Inc (NASDAQ:TPIC) trade information
Instantly TPIC was in red as seen at the end of in last trading. With action -9.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -34.92%, with the 5-day performance at -9.56% in the red. However, in the 30-day time frame, TPI Composites Inc (NASDAQ:TPIC) is 41.38% up.
The consensus price target for the stock as assigned by Wall Street analysts is 28.5, meaning bulls need an upside of 95.68% from its current market value. According to analyst projections, TPIC’s forecast low is 5 with 42 as the target high. To hit the forecast high, the stock’s price needs a -3314.63% plunge from its current level, while the stock would need to soar -306.5% for it to hit the projected low.
TPI Composites Inc (TPIC) estimates and forecasts
Year-over-year growth is forecast to reach 8.08% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 361.52M. 7 analysts are of the opinion that TPI Composites Inc’s revenue for the current quarter will be 387.48M. The company’s revenue for the corresponding quarters a year ago was 309.82M and 380.76M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.69%. The estimates for the next quarter sales put growth at 1.77%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -62.47%. The 2025 estimates are for TPI Composites Inc earnings to increase by 55.37%.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.7505% or 3.21 million shares worth $12.79 million as of 2024-06-30.
Among Mutual Funds, the top two as of Mar 31, 2025 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. With 1.41 shares estimated at $1.73 million under it, the former controlled 2.90% of total outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held about 2.31% of the shares, roughly 1.13 shares worth around $1.38 million.
