TPI Composites Inc (NASDAQ: TPIC) is -51.69% lower on its value in year-to-date trading and has touched a low of $1.90 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 $2.02 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $2.00, the stock is -30.43% and -46.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.88 million and changing -0.99% at the moment leaves the stock -45.84% off its SMA200. TPIC registered -22.48% loss for a year compared to 6-month loss of -55.36%. The firm has a 50-day simple moving average (SMA 50) of $3.7934 and a 200-day simple moving average (SMA200) of $3.6953.
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The stock witnessed a -44.44% gain in the last 1 month and extending the period to 3 months gives it a -47.37%, and is -5.66% 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 10.21% over the week and 10.42% over the month.
TPI Composites Inc (TPIC) has around 12300 employees, a market worth around $95.13M and $1.29B in sales. Profit margin for the company is -13.87%. Distance from 52-week low is 5.26% and -65.22% from its 52-week high. The company has generated returns on investments over the last 12 months (-70.82%).
The EPS is expected to shrink by -3.19% this year
193.0 institutions hold shares in TPI Composites Inc (TPIC), with institutional investors hold 79.19% of the company’s shares. The shares outstanding are 46.47M, and float is at 43.83M with Short Float at 15.26%. Institutions hold 73.11% 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.
TPI Composites Inc (TPIC) Insider Activity
The most recent transaction is an insider purchase by Siwek William E, the company’s President and CEO. SEC filings show that Siwek William E bought 10,000 shares of the company’s common stock on Nov 13 ’24 at a price of $2.19 per share for a total of $21900.0. Following the purchase, the insider now owns 0.22 million shares.
TPI Composites Inc disclosed in a document filed with the SEC on Nov 12 ’24 that Miller Ryan D. (Chief Financial Officer) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Nov 12 ’24 and was made at $2.24 per share for $22400.0. Following the transaction, the insider now directly holds 32239.0 shares of the TPIC stock.
