TPI Composites Inc (NASDAQ: TPIC) is 10.63% higher on its value in year-to-date trading and has touched a low of $1.63 and a high of $5.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TPIC stock was last observed hovering at around $4.37 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $4.58, the stock is 14.88% and 12.51% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 4.81% at the moment leaves the stock 28.87% off its SMA200. TPIC registered 47.27% gain for a year compared to 6-month gain of 57.39%.
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The stock witnessed a 22.13% loss in the last 1 month and extending the period to 3 months gives it a -5.57%, and is 21.81% 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 8.79% over the week and 7.71% over the month.
TPI Composites Inc (TPIC) has around 12300 employees, a market worth around $217.78M and $1.28B in sales. Profit margin for the company is -16.58%. Distance from 52-week low is 180.98% and -20.35% from its 52-week high. The company has generated returns on investments over the last 12 months (-74.02%).
The EPS is expected to grow by 26.04% this year
196.0 institutions hold shares in TPI Composites Inc (TPIC), with institutional investors hold 80.76% of the company’s shares. The shares outstanding are 46.47M, and float is at 43.83M with Short Float at 13.12%. Institutions hold 74.58% of the Float.
The top institutional shareholder in the company is OAKTREE CAPITAL MANAGEMENT LP with over 4.6 million shares valued at $18.36 million. The investor’s holdings represent 9.7463 of the TPIC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 3.21 million shares valued at $12.79 million to account for 6.7934 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 2.52 million shares representing 5.348 and valued at over $10.07 million, while INVESCO LTD. holds 3.7467 of the shares totaling 1.77 million with a market value of $7.06 million.
