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After finishing at $2.39 in the prior trading day, TPI Composites Inc (NASDAQ: TPIC) closed at $2.78, up 16.32%. In other words, the price has increased by $16.32 from its previous closing price. On the day, 1.7 million shares were traded. TPIC stock price reached its highest trading level at $2.829 during the session, while it also had its lowest trading level at $2.3609.
Ratios:
Our goal is to gain a better understanding of TPIC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.30.
On July 27, 2023, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $15 to $10.
Johnson Rice Downgraded its Accumulate to Hold on July 27, 2023, while the target price for the stock was maintained at $10.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Aug 25 ’23 when Miller Ryan D. bought 10,000 shares for $4.45 per share. The transaction valued at 44,530 led to the insider holds 13,648 shares of the business.
Jordan Tyrone Michael bought 2,000 shares of TPIC for $10,320 on Aug 21 ’23. The Director now owns 23,840 shares after completing the transaction at $5.16 per share. On Aug 18 ’23, another insider, Siwek William E, who serves as the President and CEO of the company, bought 10,000 shares for $4.90 each. As a result, the insider paid 48,991 and bolstered with 193,007 shares of the company.
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 131962984 and an Enterprise Value of 594015808. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 0.408 whereas that against EBITDA is -6.073.
Stock Price History:
Over the past 52 weeks, TPIC has reached a high of $12.53, while it has fallen to a 52-week low of $1.63. The 50-Day Moving Average of the stock is -0.79%, while the 200-Day Moving Average is calculated to be -22.66%.
Shares Statistics:
The stock has traded on average 1.04M shares per day over the past 3-months and 1131150 shares per day over the last 10 days, according to various share statistics. A total of 46.47M shares are outstanding, with a floating share count of 45.76M. Insiders hold about 3.61% of the company’s shares, while institutions hold 71.77% stake in the company. Shares short for TPIC as of 1713139200 were 7202749 with a Short Ratio of 6.94, compared to 1710460800 on 6448918. Therefore, it implies a Short% of Shares Outstanding of 7202749 and a Short% of Float of 15.770000000000001.
