The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of TPI Composites Inc (NASDAQ: TPIC) closed at $1.47 in the last session, up 2.08% from day before closing price of $1.44. In other words, the price has increased by $2.08 from its previous closing price. On the day, 0.78 million shares were traded. TPIC stock price reached its highest trading level at $1.55 during the session, while it also had its lowest trading level at $1.4.
Ratios:
We take a closer look at TPIC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.94 and its Current Ratio is at 0.95.
On November 15, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $4 to $2.
On October 17, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $5.Jefferies initiated its Hold rating on October 17, 2024, with a $5 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 13 ’24 when Siwek William E bought 10,000 shares for $2.19 per share. The transaction valued at 21,900 led to the insider holds 218,347 shares of the business.
Miller Ryan D. bought 10,000 shares of TPIC for $22,400 on Nov 12 ’24. The Chief Financial Officer now owns 32,239 shares after completing the transaction at $2.24 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TPIC now has a Market Capitalization of 69917168 and an Enterprise Value of 684076160. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05. Its current Enterprise Value per Revenue stands at 0.526 whereas that against EBITDA is -5.817.
Stock Price History:
Over the past 52 weeks, TPIC has reached a high of $5.75, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is -26.76%, while the 200-Day Moving Average is calculated to be -57.88%.
Shares Statistics:
According to the various share statistics, TPIC traded on average about 1.81M shares per day over the past 3-months and 1628850 shares per day over the past 10 days. A total of 47.56M shares are outstanding, with a floating share count of 43.79M. Insiders hold about 7.93% of the company’s shares, while institutions hold 72.85% stake in the company. Shares short for TPIC as of 1735603200 were 7636859 with a Short Ratio of 4.23, compared to 1732838400 on 7592790. Therefore, it implies a Short% of Shares Outstanding of 7636859 and a Short% of Float of 16.459998000000002.
Earnings Estimates
The current market rating for TPI Composites Inc (TPIC) reflects the collective analysis of 6.0 analysts closely monitoring its performance.The consensus estimate for the next quarter is -$0.21, with high estimates of -$0.01 and low estimates of -$0.47.
Analysts are recommending an EPS of between -$3.47 and -$4.31 for the fiscal current year, implying an average EPS of -$3.85. EPS for the following year is -$0.81, with 6.0 analysts recommending between -$0.05 and -$1.84.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $365.27M. It ranges from a high estimate of $387.4M to a low estimate of $347.28M. As of the current estimate, TPI Composites Inc’s year-ago sales were $296.99MFor the next quarter, 9 analysts are estimating revenue of $374.04M. There is a high estimate of $439M for the next quarter, whereas the lowest estimate is $315M.
A total of 11 analysts have provided revenue estimates for TPIC’s current fiscal year. The highest revenue estimate was $1.38B, while the lowest revenue estimate was $1.34B, resulting in an average revenue estimate of $1.36B. In the same quarter a year ago, actual revenue was $1.46BBased on 11 analysts’ estimates, the company’s revenue will be $1.62B in the next fiscal year. The high estimate is $1.88B and the low estimate is $1.42B.
