A new trading day began on Tuesday, with TPI Composites Inc (NASDAQ: TPIC) stock price down -1.77% from the previous day of trading ,before settling in for the closing price of $2.83. TPIC’s price has ranged from $1.63 to $13.68 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 8.58% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 65.98%. With a float of $45.54 million, this company’s outstanding shares have now reached $46.47 million.
In an organization with 12300 employees, it is important to assess its efficiency.
TPI Composites Inc (TPIC) Insider Updates
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 3.61%, while institutional ownership is 72.40%. The most recent insider transaction that took place on Aug 25 ’23, 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 ’23, 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) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.31 per share, which was $0.1 higher 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 -0.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 65.98% 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 1.28. 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 -4.19, a number that is poised to hit -0.71 in the next quarter and is forecasted to reach -0.22 in one year’s time.
Technical Analysis of TPI Composites Inc (TPIC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.86 million. That was inferior than the volume of 1.16 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 34.15%. Additionally, its Average True Range was 0.23.
During the past 100 days, TPI Composites Inc’s (TPIC) raw stochastic average was set at 28.95%, which indicates a significant decrease from 29.27% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.85% in the past 14 days, which was lower than the 157.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.85, while its 200-day Moving Average is $4.03. However, in the short run, TPI Composites Inc’s stock first resistance to watch stands at $2.89. Second resistance stands at $3.01. The third major resistance level sits at $3.10. If the price goes on to break the first support level at $2.69, it is likely to go to the next support level at $2.60. Assuming the price breaks the second support level, the third support level stands at $2.48.
TPI Composites Inc (NASDAQ: TPIC) Key Stats
With a market capitalization of 131.33 million, the company has a total of 47,241K Shares Outstanding. Currently, annual sales are 1,455 M while annual income is -201,780 K. The company’s previous quarter sales were 296,990 K while its latest quarter income was -57,600 K.
