A new trading day began on Monday, with TPI Composites Inc (NASDAQ: TPIC) stock price down -4.48% from the previous day of trading, before settling in for the closing price of $2.68. TPIC’s price has ranged from $1.63 to $13.24 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 8.58%. Meanwhile, its annual earnings per share averaged 64.53%. With a float of $45.54 million, this company’s outstanding shares have now reached $46.47 million.
Considering the fact that the conglomerate employs 12300 people, you should pay attention to its efficiency factor.
TPI Composites Inc (TPIC) Breakdown of a Key Holders of the stock
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 72.21%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 12/31/2023, 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 -0.62 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 64.53% 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 0.08.
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 -0.03 in one year’s time.
Technical Analysis of TPI Composites Inc (TPIC)
Compared to the last year’s volume of 1.14 million, its volume of 0.95 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.64%. Additionally, its Average True Range was 0.21.
During the past 100 days, TPI Composites Inc’s (TPIC) raw stochastic average was set at 21.71%, which indicates a significant increase from 18.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.43% in the past 14 days, which was lower than the 143.22% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.83, while its 200-day Moving Average is $3.71. Nevertheless, the first resistance level for the watch stands at $2.68 in the near term. At $2.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.89. If the price goes on to break the first support level at $2.47, it is likely to go to the next support level at $2.39. Now, if the price goes above the second support level, the third support stands at $2.26.
TPI Composites Inc (NASDAQ: TPIC) Key Stats
With a market capitalization of 120.93 million, the company has a total of 47,469K 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.
