For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
TPI Composites Inc (NASDAQ: TPIC) closed the day trading at $1.13 up 8.65% from the previous closing price of $1.04. In other words, the price has increased by $8.65 from its previous closing price. On the day, 1.95 million shares were traded.
Ratios:
For a better understanding of TPIC, let’s look at its different ratios. 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:
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 Feb 24 ’25 when Dere Construction Taahhut A.S. bought 80,000 shares for $1.52 per share. The transaction valued at 121,600 led to the insider holds 4,397,232 shares of the business.
Dere Construction Taahhut A.S. bought 66,000 shares of TPIC for $95,040 on Feb 20 ’25. The 10% Owner now owns 4,295,232 shares after completing the transaction at $1.44 per share. On Feb 04 ’25, another insider, Dere Construction Taahhut A.S., who serves as the 10% Owner of the company, bought 49,000 shares for $1.59 each. As a result, the insider paid 77,910 and bolstered with 4,229,232 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.04.
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 $1.01. The 50-Day Moving Average of the stock is -26.09%, while the 200-Day Moving Average is calculated to be -65.20%.
Shares Statistics:
A total of 47.61M shares are outstanding, with a floating share count of 33.50M. Insiders hold about 13.66% of the company’s shares, while institutions hold 63.39% stake in the company.
