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 43.83M, and currently, short sellers hold a 13.12% ratio of that float. The average trading volume of TPIC on September 20, 2024 was 668.41K shares.
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TPIC) stock’s latest price update
TPI Composites Inc (NASDAQ: TPIC)’s stock price has plunge by 4.81relation to previous closing price of 4.37. Nevertheless, the company has seen a 21.81% surge in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-14 that SCOTTSDALE, Ariz., Aug. 14, 2024 (GLOBE NEWSWIRE) — Today TPI Composites, Inc., (TPI) (Nasdaq: TPIC) announced its participation with the University of Texas at Dallas to apply physics-informed machine learning (ML) algorithms to simulate and optimize the composite curing process through multi-zone temperature control. This will solve a current technological gap by developing a smart “digital twin” that optimizes the curing process in blade manufacturing. Funded by the Office of Energy Efficiency & Renewable Energy, this project will accelerate the transition of research on ML-based modeling tools in academia to real industrial applications.
TPIC’s Market Performance
TPIC’s stock has risen by 21.81% in the past week, with a monthly rise of 22.13% and a quarterly drop of -5.57%. The volatility ratio for the week is 8.79% while the volatility levels for the last 30 days are 7.71% for TPI Composites Inc The simple moving average for the past 20 days is 14.88% for TPIC’s stock, with a 28.87% simple moving average for the past 200 days.
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 12.51% 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 -20.35% of loss for the given period.
Volatility was left at 7.71%, however, over the last 30 days, the volatility rate increased by 8.79%, as shares surge +16.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.81% upper at present.
During the last 5 trading sessions, TPIC rose by +21.81%, which changed the moving average for the period of 200-days by +78.21% in comparison to the 20-day moving average, which settled at $4.02. In addition, TPI Composites Inc saw 10.63% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TPIC
Current profitability levels for the company are sitting at:
- -0.12 for the present operating margin
- -0.08 for the gross margin
The net margin for TPI Composites Inc stands at -0.21. The total capital return value is set at -0.53. Equity return is now at value -352.92, with -28.84 for asset returns.
Based on TPI Composites Inc (TPIC), the company’s capital structure generated 1.9 points at debt to capital in total, while cash flow to debt ratio is standing at -0.14. The debt to equity ratio resting at -2.11. The interest coverage ratio of the stock is -3.04.
Currently, EBITDA for the company is -100.12 million with net debt to EBITDA at -4.67. When we switch over and look at the enterprise to sales, we see a ratio of 0.62. The receivables turnover for the company is 4.97for trailing twelve months and the total asset turnover is 1.79. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.00.
Conclusion
To put it simply, TPI Composites Inc (TPIC) has had a better 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.
