TPI Composites Inc (NASDAQ: TPIC) is -32.49% lower 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 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 $2.96 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $2.80, the stock is -25.89% and -30.87% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.37 million and changing -5.57% at the moment leaves the stock -24.75% off its SMA200. TPIC registered 46.34% gain for a year compared to 6-month gain of -27.78%. The firm has a 50-day simple moving average (SMA 50) of $4.0693 and a 200-day simple moving average (SMA200) of $3.714175.
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The stock witnessed a -36.19% loss in the last 1 month and extending the period to 3 months gives it a -28.70%, and is -17.91% down 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 11.82% over the week and 9.10% over the month.
TPI Composites Inc (TPIC) has around 12300 employees, a market worth around $132.91M and $1.28B in sales. Profit margin for the company is -16.58%. Distance from 52-week low is 71.47% and -51.39% 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 19.94% this year
190.0 institutions hold shares in TPI Composites Inc (TPIC), with institutional investors hold 78.97% of the company’s shares. The shares outstanding are 46.47M, and float is at 43.83M with Short Float at 14.65%. Institutions hold 72.93% 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.