The price of TPI Composites Inc (NASDAQ: TPIC) closed at $2.80 in the last session, down -9.09% from day before closing price of $3.08. In other words, the price has decreased by -$0.2800 from its previous closing price. On the day, 976578 shares were traded. TPIC stock price reached its highest trading level at $3.1550 during the session, while it also had its lowest trading level at $2.7700.
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 145.50M and an Enterprise Value of 608.78M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09. Its current Enterprise Value per Revenue stands at 0.42 whereas that against EBITDA is -4.76.
Stock Price History:
Over the past 52 weeks, TPIC has reached a high of $13.68, while it has fallen to a 52-week low of $1.63. The 50-Day Moving Average of the stock is 2.9859, while the 200-Day Moving Average is calculated to be 4.7851.
Shares Statistics:
According to the various share statistics, TPIC traded on average about 1.96M shares per day over the past 3-months and 1.16M shares per day over the past 10 days. A total of 46.47M shares are outstanding, with a floating share count of 45.61M. Insiders hold about 3.44% of the company’s shares, while institutions hold 71.97% stake in the company. Shares short for TPIC as of Feb 29, 2024 were 6.77M with a Short Ratio of 3.45, compared to 6.87M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.34% and a Short% of Float of 14.83%.
Earnings Estimates
The company has 11 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.7 for the current quarter, with a high estimate of -$0.53 and a low estimate of -$0.99, while EPS last year was -$0.72. The consensus estimate for the next quarter is -$0.6, with high estimates of -$0.43 and low estimates of -$0.85.
Analysts are recommending an EPS of between -$0.58 and -$1.96 for the fiscal current year, implying an average EPS of -$1.47. EPS for the following year is -$0.21, with 10 analysts recommending between $0.67 and -$0.92.
Revenue Estimates
According to 10 analysts, the current quarter’s revenue is expected to be $296.7M. It ranges from a high estimate of $327.1M to a low estimate of $246.91M. As of the current estimate, TPI Composites Inc’s year-ago sales were $378.44M, an estimated decrease of -21.60% from the year-ago figure. For the next quarter, 10 analysts are estimating revenue of $316.08M, a decrease of -17.10% over than the figure of -$21.60% in the same quarter last year. There is a high estimate of $335.9M for the next quarter, whereas the lowest estimate is $291.4M.
A total of 11 analysts have provided revenue estimates for TPIC’s current fiscal year. The highest revenue estimate was $1.38B, while the lowest revenue estimate was $1.31B, resulting in an average revenue estimate of $1.35B. In the same quarter a year ago, actual revenue was $1.46B, down -7.20% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $1.68B in the next fiscal year. The high estimate is $1.8B and the low estimate is $1.45B. The average revenue growth estimate for next year is up 24.20% from the average revenue estimate for this year.
