On Monday, TPI Composites Inc (NASDAQ: TPIC) opened lower -3.43% from the last session, before settling in for the closing price of $2.04. Price fluctuations for TPIC have ranged from $1.90 to $5.75 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 8.58% over the past five years. Company’s average yearly earnings per share was noted -5.25% at the time writing. With a float of $43.83 million, this company’s outstanding shares have now reached $47.56 million.
Let’s look at the performance matrix of the company that is accounted for 12300 employees. In terms of profitability, gross margin is -6.58%, operating margin of -9.44%, and the pretax margin is -16.24%.
TPI Composites Inc (TPIC) Insider Updates
A key investor’s attitude towards the stock of the Specialty Industrial Machinery industry is another important factor to consider. The insider ownership of TPI Composites Inc is 7.85%, while institutional ownership is 73.09%. The most recent insider transaction that took place on Nov 13 ’24, was worth 21,900. In this transaction President and CEO of this company bought 10,000 shares at a rate of $2.19, taking the stock ownership to the 218,347 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Chief Financial Officer bought 10,000 for $2.24, making the entire transaction worth $22,400. This insider now owns 32,239 shares in total.
TPI Composites Inc (TPIC) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.88) by 1.38. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -5.25% per share during the next fiscal year.
TPI Composites Inc (NASDAQ: TPIC) Trading Performance Indicators
Check out the current performance indicators for TPI Composites Inc (TPIC). In the past quarter, the stock posted a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.74, a number that is poised to hit -0.41 in the next quarter and is forecasted to reach -0.78 in one year’s time.
Technical Analysis of TPI Composites Inc (TPIC)
TPI Composites Inc (NASDAQ: TPIC) saw its 5-day average volume 0.85 million, a negative change from its year-to-date volume of 0.91 million. As of the previous 9 days, the stock’s Stochastic %D was 24.90%. Additionally, its Average True Range was 0.26.
During the past 100 days, TPI Composites Inc’s (TPIC) raw stochastic average was set at 1.50%, which indicates a significant decrease from 7.94% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.55% in the past 14 days, which was higher than the 96.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.44, while its 200-day Moving Average is $3.66. Nevertheless, the first resistance level for the watch stands at $2.12 in the near term. At $2.27, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.35. If the price goes on to break the first support level at $1.89, it is likely to go to the next support level at $1.81. Assuming the price breaks the second support level, the third support level stands at $1.66.
TPI Composites Inc (NASDAQ: TPIC) Key Stats
There are currently 47,563K shares outstanding in the company with a market cap of 95.57 million. Presently, the company’s annual sales total 1,455 M according to its annual income of -201,780 K. Last quarter, the company’s sales amounted to 380,760 K and its income totaled -40,070 K.
