TPI Composites Inc (NASDAQ:TPIC) traded at $2.78 at close of the session on Friday, April 26, made an upward move of 16.32% on its previous day’s price.
Looking at the stock we see that its previous close was $2.39 . In terms of its 52-week price range, TPIC has a high of $12.53 and a low of $1.63. The company’s stock has lost about -2.11% over that past 30 days.
TPI Composites Inc has a market cap of $131.97 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.74, with the EPS growth for the year raised at -$1.55 for 2024 and -$0.04 for next year. These figures represent 62.70% and 97.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $296.28 million, with a low of $246.91 million and a high of $330.64 million. The median projection represents growth adding up to -21.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.35 billion, or -6.90% down from figures reported last year.
On the other hand, looking at the outlook for the TPIC stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is 3.36% off its SMA20 and -0.79% from its 50-day simple moving average. The RSI (14) is pointing at 53.17 while the volatility over the past week is 11.40% and jumps to 7.76% over the past one month. The beta value is 2.01, while the average true range (ATR) is currently pointing at 0.23.
Coming back to TPI Composites Inc (NASDAQ:TPIC), we note that the average 3-month trading volume was 1.05 million. Current shares outstanding are 46.47 million.
The insiders hold 3.61% of the company’s shares while institutions hold 71.77%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -32.85% down in year-to-date price movement.
