The stock of TPI Composites Inc (TPIC) has gone up by 0.27% for the week, with a 44.23% rise in the past month and a 33.45% rise in the past quarter. The volatility ratio for the week is 9.33%, and the volatility levels for the past 30 days are 10.11% for TPIC. The simple moving average for the last 20 days is 22.01% for TPIC’s stock, with a simple moving average of 14.85% for the last 200 days.
Is It Worth Investing in TPI Composites Inc (NASDAQ: TPIC) Right Now?
TPIC has 36-month beta value of 1.90. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TPIC is 46.15M, and currently, short sellers hold a 17.60% ratio of that float. The average trading volume of TPIC on May 10, 2024 was 1.13M shares.
TPIC) stock’s latest price update
The stock price of TPI Composites Inc (NASDAQ: TPIC) has dropped by -3.10 compared to previous close of 3.87. Despite this, the company has seen a gain of 0.27% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that TPI Composites, Inc. (NASDAQ:TPIC ) Q1 2024 Earnings Conference Call May 3, 2024 5:00 PM ET Company Participants Jason Wegmann – Investor Relations Bill Siwek – President and Chief Executive Officer Ryan Miller – Chief Financial Officer Conference Call Participants Mark Strouse – JPMorgan Pavel Malikov – Raymond James Eric Stine – Craig Hallum Jeffrey Osborne – TD Cowen Tom Curran – Seaport Research Partners William Griffin – UBS Operator Good afternoon, and welcome to the TPI Composites First Quarter 2024 Earnings Conference Call. At this time, I’d like to turn the conference over to Jason Wegmann.
Analysts’ Opinion of TPIC
ROTH MKM, on the other hand, stated in their research note that they expect to see TPIC reach a price target of $10, previously predicting the price at $15. The rating they have provided for TPIC stocks is “Neutral” according to the report published on July 27th, 2023.
Johnson Rice gave a rating of “Hold” to TPIC, setting the target price at $10 in the report published on July 27th of the previous year.
TPIC Trading at 28.09% from the 50-Day Moving Average
After a stumble in the market that brought TPIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.36% of loss for the given period.
Volatility was left at 10.11%, however, over the last 30 days, the volatility rate increased by 9.33%, as shares surge +43.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.05% upper at present.
During the last 5 trading sessions, TPIC remain unchanged, which changed the moving average for the period of 200-days by -64.92% in comparison to the 20-day moving average, which settled at $3.13. In addition, TPI Composites Inc saw -9.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TPIC starting from Miller Ryan D., who purchase 10,000 shares at the price of $4.45 back on Aug 25 ’23. After this action, Miller Ryan D. now owns 13,648 shares of TPI Composites Inc, valued at $44,530 using the latest closing price.
Jordan Tyrone Michael, the Director of TPI Composites Inc, purchase 2,000 shares at $5.16 during a trade that took place back on Aug 21 ’23, which means that Jordan Tyrone Michael is holding 23,840 shares at $10,320 based on the most recent closing price.
Stock Fundamentals for TPIC
Current profitability levels for the company are sitting at:
- -0.14 for the present operating margin
- -0.09 for the gross margin
The net margin for TPI Composites Inc stands at -0.18. The total capital return value is set at -0.5. Equity return is now at value -352.92, with -27.96 for asset returns.
Based on TPI Composites Inc (TPIC), the company’s capital structure generated 1.53 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at -2.89. The interest coverage ratio of the stock is -5.99.
Currently, EBITDA for the company is -100.12 million with net debt to EBITDA at -3.69. When we switch over and look at the enterprise to sales, we see a ratio of 0.52. The receivables turnover for the company is 6.16for trailing twelve months and the total asset turnover is 1.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.19.
Conclusion
To put it simply, TPI Composites Inc (TPIC) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
