TPI Composites Inc (NASDAQ: TPIC) has seen a decline in its stock price by -26.27 in relation to its previous close of 3.73. However, the company has experienced a -19.59% decline in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-17 that SCOTTSDALE, Ariz., Oct. 17, 2024 (GLOBE NEWSWIRE) — TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its third quarter 2024 results after the market close on Thursday, November 7, 2024, to be followed by a conference call at 5:00 p.m. (Eastern Time) on the same day.
Is It Worth Investing in TPI Composites Inc (NASDAQ: TPIC) Right Now?
Moreover, the 36-month beta value for TPIC is 1.95. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TPIC is 43.83M and currently, short sellers hold a 14.65% of that float. On November 06, 2024, TPIC’s average trading volume was 568.61K shares.
TPIC’s Market Performance
TPIC stock saw a decrease of -19.59% in the past week, with a monthly decline of -39.16% and a quarterly a decrease of -20.52%. The volatility ratio for the week is 6.38%, and the volatility levels for the last 30 days are 7.73% for TPI Composites Inc (TPIC). The simple moving average for the last 20 days is -28.29% for TPIC stock, with a simple moving average of -25.94% for the last 200 days.
Analysts’ Opinion of TPIC
Many brokerage firms have already submitted their reports for TPIC stocks, with Jefferies repeating the rating for TPIC by listing it as a “Hold.” The predicted price for TPIC in the upcoming period, according to Jefferies is $5 based on the research report published on October 17, 2024 of the current year 2024.
ROTH MKM gave a rating of “Neutral” to TPIC, setting the target price at $10 in the report published on July 27th of the previous year.
TPIC Trading at -32.35% 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 -52.17% of loss for the given period.
Volatility was left at 7.73%, however, over the last 30 days, the volatility rate increased by 6.38%, as shares sank -37.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.52% lower at present.
During the last 5 trading sessions, TPIC fell by -19.59%, which changed the moving average for the period of 200-days by -8.64% in comparison to the 20-day moving average, which settled at $3.84. In addition, TPI Composites Inc saw -33.57% in overturn over a single year, with a tendency to cut further losses.
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 0.56. 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 wrap up, the performance of TPI Composites Inc (TPIC) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
