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The closing price of TPI Composites Inc (NASDAQ: TPIC) was $1.86 for the day, up 2.76% from the previous closing price of $1.81. In other words, the price has increased by $2.76 from its previous closing price. On the day, 3.81 million shares were traded. TPIC stock price reached its highest trading level at $2.145 during the session, while it also had its lowest trading level at $1.672.
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 0.94 and its Current Ratio is at 0.95.
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 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 88466624 and an Enterprise Value of 728309440. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.07. Its current Enterprise Value per Revenue stands at 0.559 whereas that against EBITDA is -6.193.
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 -25.84%, while the 200-Day Moving Average is calculated to be -47.63%.
Shares Statistics:
TPIC traded an average of 1.48M shares per day over the past three months and 5284960 shares per day over the past ten days. A total of 47.56M shares are outstanding, with a floating share count of 43.79M. Insiders hold about 7.93% of the company’s shares, while institutions hold 72.87% stake in the company. Shares short for TPIC as of 1732838400 were 7592790 with a Short Ratio of 4.80, compared to 1730332800 on 6689011. Therefore, it implies a Short% of Shares Outstanding of 7592790 and a Short% of Float of 16.370001000000002.
