TPI Composites Inc (NASDAQ:TPIC) has a beta value of -91.19% and has seen 562.62 shares traded in the last trading session. The company, currently valued at $55.46M, closed the last trade at $1.23 per share which meant it lost -$0.56 on the day or 1.14% during that session. The TPIC stock price is -327.64% off its 52-week high price of $5.26 and 47.97% above the 52-week low of $0.64. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.76 million shares traded. The 3-month trading volume is 3.16 shares.
The consensus among analysts is that TPI Composites Inc (TPIC) is Buy stock at the moment, with a recommendation rating of 48.08. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 7 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
TPI Composites Inc (NASDAQ:TPIC) trade information
Sporting 1.14% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the TPIC stock price touched $1.23 or saw a rise of 1.99%. Year-to-date, TPI Composites Inc shares have moved -76.64%, while the 5-day performance has seen it change -8.80%. Over the past 30 days, the shares of TPI Composites Inc (NASDAQ:TPIC) have changed -1.72%. Short interest in the company has seen 6.97 million shares shorted with days to cover at 15.35.
Wall Street analysts have a consensus price target for the stock at $28.5, which means that the shares’ value could jump 95.68% from current levels. The projected low price target is $5.0 while the price target rests at a high of $42.0. In that case, then, we find that the current price level is -3314.63% off the targeted high while a plunge would see the stock gain -306.5% from current levels.
TPI Composites Inc (TPIC) estimates and forecasts
The company’s shares have lost -15.87% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -4.65% -62.47% over the past 5 years.
TPIC Dividends
TPI Composites Inc is expected to release its next earnings report on 2025-May-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
TPI Composites Inc (NASDAQ:TPIC)’s Major holders
The top two institutional holders are OAKTREE CAPITAL MANAGEMENT LP with over 4.6 million shares worth more than $18.36 million. As of 2024-06-30, OAKTREE CAPITAL MANAGEMENT LP held 9.6847% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 3.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.79 million and represent 6.7505% of shares outstanding.
