TPI Composites Inc (TPIC) recent activity suggests a positive outlook with the last week’s performance of 37.45%

A new trading day began on Monday, with TPI Composites Inc (NASDAQ: TPIC) stock price up 14.95% from the previous day of trading, before settling in for the closing price of $2.81. TPIC’s price has ranged from $1.63 to $14.58 over the past 52 weeks.

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Annual sales at Industrials sector company grew by 11.84% over the past five years. Meanwhile, its annual earnings per share averaged -79.04%. With a float of $41.34 million, this company’s outstanding shares have now reached $42.04 million.

TPI Composites Inc (TPIC) Insider and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Industrial Machinery Industry. The insider ownership of TPI Composites Inc is 2.90%, while institutional ownership is 91.51%. The most recent insider transaction that took place on Aug 25, was worth 44,530. In this transaction Chief Financial Officer of this company bought 10,000 shares at a rate of $4.45, taking the stock ownership to the 13,648 shares. Before that another transaction happened on Aug 21, when Company’s Director bought 2,000 for $5.16, making the entire transaction worth $10,320. This insider now owns 23,840 shares in total.

TPI Composites Inc (TPIC) Latest Financial update

In its latest quarterly report, released on 9/29/2023, the company reported earnings of -$1.71 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.56 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -79.04% per share during the next fiscal year.

TPI Composites Inc (NASDAQ: TPIC) Trading Performance Indicators

Here are TPI Composites Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.87, a number that is poised to hit -0.92 in the next quarter and is forecasted to reach -1.15 in one year’s time.

Technical Analysis of TPI Composites Inc (TPIC)

TPI Composites Inc (NASDAQ: TPIC) saw its 5-day average volume 0.91 million, a negative change from its year-to-date volume of 1.29 million. As of the previous 9 days, the stock’s Stochastic %D was 70.85%. Additionally, its Average True Range was 0.33.

During the past 100 days, TPI Composites Inc’s (TPIC) raw stochastic average was set at 48.34%, which indicates a significant decrease from 90.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 127.81% in the past 14 days, which was lower than the 166.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.06, while its 200-day Moving Average is $5.58. Nevertheless, the first resistance level for the watch stands at $3.43 in the near term. At $3.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.93. If the price goes on to break the first support level at $2.93, it is likely to go to the next support level at $2.63. The third support level lies at $2.43 if the price breaches the second support level.

TPI Composites Inc (NASDAQ: TPIC) Key Stats

With a market capitalization of 137.50 million, the company has a total of 42,571K Shares Outstanding. Currently, annual sales are 1,523 M while annual income is -65,310 K. The company’s previous quarter sales were 372,860 K while its latest quarter income was -56,820 K.