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TPI Composites Inc (TPIC) Volatility At 6.31%, Should You Add A Position?

TPI Composites Inc (NASDAQ: TPIC) is -31.64% lower on its value in year-to-date trading and has touched a low of $1.63 and a high of $13.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TPIC stock was last observed hovering at around $2.73 in the last trading session, with the day’s gains setting it 0.1%.

Currently trading at $2.83, the stock is -0.86% and -0.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 3.66% at the moment leaves the stock -33.05% off its SMA200. TPIC registered -78.31% loss for a year compared to 6-month gain of 20.17%. The firm has a 50-day simple moving average (SMA 50) of $0.41 and a 200-day simple moving average (SMA200) of -$4.63.

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The stock witnessed a -6.60% loss in the last 1 month and extending the period to 3 months gives it a -31.81%, and is 4.81% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.31% over the week and 8.81% over the month.

TPI Composites Inc (TPIC) has around 12300 employees, a market worth around $133.69M and $1.46B in sales. Profit margin for the company is -12.21%. Distance from 52-week low is 73.62% and -79.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-43.37%).

TPI Composites Inc quarterly earnings per share for the current quarter are estimated at -$0.74 with sales reaching $293.07M over the same period.The EPS is expected to grow by 65.98% this year, but quarterly earnings will post -7.30% year-over-year. Quarterly sales are estimated to shrink -22.60% in year-over-year returns.

211 institutions hold shares in TPI Composites Inc (TPIC), with institutional investors hold 82.23% of the company’s shares. The shares outstanding are 46.47M, and float is at 45.54M with Short Float at 14.16%. Institutions hold 79.78% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 4.95 million shares valued at $51.37 million. The investor’s holdings represent 11.64% of the TPIC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 2.19 million shares valued at $22.7 million to account for 5.14% of the shares outstanding. The other top investors are Clean Energy Transition LLP which holds 1.88 million shares representing 4.43% and valued at over $19.54 million, while Morgan Stanley holds 4.20% of the shares totaling 1.79 million with a market value of $18.55 million.

TPI Composites Inc (TPIC) Insider Activity

The most recent transaction is an insider purchase by Miller Ryan D., the company’s Chief Financial Officer. SEC filings show that Miller Ryan D. bought 10,000 shares of the company’s common stock on Aug 25 ’23 at a price of $4.45 per share for a total of $44530.0. Following the purchase, the insider now owns 13648.0 shares.

TPI Composites Inc disclosed in a document filed with the SEC on Aug 21 ’23 that Jordan Tyrone Michael (Director) bought a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 21 ’23 and was made at $5.16 per share for $10320.0. Following the transaction, the insider now directly holds 23840.0 shares of the TPIC stock.

Still, SEC filings show that on Aug 18 ’23, Siwek William E (President and CEO) acquired 10,000 shares at an average price of $4.90 for $48991.0. The insider now directly holds 193,007 shares of TPI Composites Inc (TPIC).

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