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The closing price of TPI Composites Inc (NASDAQ: TPIC) was $1.32 for the day, down -9.28% from the previous closing price of $1.46. In other words, the price has decreased by -$9.28 from its previous closing price. On the day, 1.04 million shares were traded.
Ratios:
Our analysis of TPIC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.94.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 23 ’24 when Dere Construction Taahhut A.S. bought 2,935,217 shares for $1.92 per share. The transaction valued at 5,637,511 led to the insider holds 7,151,987 shares of the business.
Dere Construction Taahhut A.S. bought 856,117 shares of TPIC for $1,680,852 on Dec 25 ’24. The 10% Owner now owns 7,592,209 shares after completing the transaction at $1.96 per share. On Dec 24 ’24, another insider, Dere Construction Taahhut A.S., who serves as the 10% Owner of the company, bought 470,786 shares for $1.91 each. As a result, the insider paid 898,283 and bolstered with 7,370,158 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.05.
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 -14.59%, while the 200-Day Moving Average is calculated to be -60.02%.
Shares Statistics:
A total of 47.61M shares are outstanding, with a floating share count of 41.10M. Insiders hold about 13.66% of the company’s shares, while institutions hold 63.39% stake in the company.
