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After finishing at $2.38 in the prior trading day, TPI Composites Inc (NASDAQ: TPIC) closed at $2.17, down -8.82%. In other words, the price has decreased by -$8.82 from its previous closing price. On the day, 1.23 million shares were traded. TPIC stock price reached its highest trading level at $2.28 during the session, while it also had its lowest trading level at $2.14.
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 0.94 and its Current Ratio is at 0.95.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on November 15, 2024, Downgraded its rating to Underweight and sets its target price to $2 from $4 previously.
On October 17, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $5.
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 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 103211064 and an Enterprise Value of 717370048. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 0.551 whereas that against EBITDA is -6.1.
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 $1.90. The 50-Day Moving Average of the stock is -43.65%, while the 200-Day Moving Average is calculated to be -41.35%.
Shares Statistics:
The stock has traded on average 603.88K shares per day over the past 3-months and 1274280 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 43.84M. Insiders hold about 7.83% of the company’s shares, while institutions hold 73.28% stake in the company. Shares short for TPIC as of 1730332800 were 6689011 with a Short Ratio of 11.08, compared to 1727654400 on 5782176. Therefore, it implies a Short% of Shares Outstanding of 6689011 and a Short% of Float of 14.42.
