For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of TPI Composites Inc (NASDAQ: TPIC) closed at $2.56 in the last session, down -4.48% from day before closing price of $2.68. In other words, the price has decreased by $-4.48 from its previous closing price. On the day, 1.01 million shares were traded. TPIC stock price reached its highest trading level at $2.7194 during the session, while it also had its lowest trading level at $2.51.
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 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:
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 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 120935936 and an Enterprise Value of 589291776. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08. Its current Enterprise Value per Revenue stands at 0.405 whereas that against EBITDA is -6.025.
Stock Price History:
The Beta on a monthly basis for TPIC is 2.00, which has changed by -0.7943208 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, TPIC has reached a high of $13.24, while it has fallen to a 52-week low of $1.63. The 50-Day Moving Average of the stock is -9.74%, while the 200-Day Moving Average is calculated to be -31.63%.
Shares Statistics:
According to the various share statistics, TPIC traded on average about 1.04M shares per day over the past 3-months and 926030 shares per day over the past 10 days. A total of 46.47M shares are outstanding, with a floating share count of 45.54M. Insiders hold about 3.61% of the company’s shares, while institutions hold 72.21% stake in the company. Shares short for TPIC as of 1711584000 were 6798991 with a Short Ratio of 6.54, compared to 1709164800 on 6772612. Therefore, it implies a Short% of Shares Outstanding of 6798991 and a Short% of Float of 14.879999999999999.
Earnings Estimates
The current rating of TPI Composites Inc (TPIC) is the result of assessments by TPLC analysts actively engaged in evaluating its market dynamics.
