The price of TPI Composites Inc (NASDAQ: TPIC) closed at $2.61 in the last session, up 0.38% from day before closing price of $2.60. On the day, 1121219 shares were traded.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08.
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.
Shares Statistics:
A total of 46.47M shares are outstanding, with a floating share count of 45.54M. Insiders hold about 3.61% of the company’s shares, while institutions hold 72.23% stake in the company.
Earnings Estimates
The company has TPLC analysts who recommend its stock at the moment. The consensus estimate for the next quarter is $2.61, with high estimates of $0.10 and low estimates of $13.86.
Analysts are recommending an EPS of between $Healthcare and $Industrials for the fiscal current year, implying an average EPS of $Industrials.
