The stock of TPI Composites Inc (TPIC) has gone up by 9.00% for the week, with a -31.88% drop in the past month and a -54.58% drop in the past quarter. The volatility ratio for the week is 12.03%, and the volatility levels for the past 30 days are 20.33% for TPIC. The simple moving average for the past 20 days is -2.53% for TPIC’s stock, with a -52.53% simple moving average for the past 200 days.
Is It Worth Investing in TPI Composites Inc (NASDAQ: TPIC) Right Now?
Company’s 36-month beta value is 1.79.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for TPIC is 43.79M, and currently, short sellers hold a 17.44% ratio of that floaft. The average trading volume of TPIC on January 24, 2025 was 1.84M shares.
TPIC) stock’s latest price update
The stock price of TPI Composites Inc (NASDAQ: TPIC) has surged by 8.28 when compared to previous closing price of 1.51, but the company has seen a 9.00% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that TPI Composites, Inc. (NASDAQ:TPIC ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Jason Wegmann – Investor Relations Bill Siwek – President & Chief Executive Officer Ryan Miller – Chief Financial Officer Conference Call Participants Mark Strouse – JPMorgan Pavel Molchanov – Raymond James Justin Clare – ROTH Capital Partners Eric Stine – Craig-Hallum Operator Good afternoon, and welcome to TPI Composites’ Third Quarter 2024 Earnings Conference Call. At this time, I’d like to turn the conference over to Jason Wegmann, Investor Relations for TPI Composites.
Analysts’ Opinion of TPIC
Morgan Stanley, on the other hand, stated in their research note that they expect to see TPIC reach a price target of $2, previously predicting the price at $4. The rating they have provided for TPIC stocks is “Underweight” according to the report published on November 15th, 2024.
Jefferies gave a rating of “Hold” to TPIC, setting the target price at $5 in the report published on October 17th of the previous year.
TPIC Trading at -7.49% 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 -71.57% of loss for the given period.
Volatility was left at 20.33%, however, over the last 30 days, the volatility rate increased by 12.03%, as shares sank -8.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -41.39% lower at present.
During the last 5 trading sessions, TPIC rose by +9.99%, which changed the moving average for the period of 200-days by -41.70% in comparison to the 20-day moving average, which settled at $1.6782. In addition, TPI Composites Inc saw -13.49% 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 Siwek William E, who purchase 10,000 shares at the price of $2.19 back on Nov 13 ’24. After this action, Siwek William E now owns 218,347 shares of TPI Composites Inc, valued at $21,900 using the latest closing price.
Miller Ryan D., the Chief Financial Officer of TPI Composites Inc, purchase 10,000 shares at $2.24 during a trade that took place back on Nov 12 ’24, which means that Miller Ryan D. is holding 32,239 shares at $22,400 based on the most recent closing price.
Stock Fundamentals for TPIC
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- -0.07 for the gross margin
The net margin for TPI Composites Inc stands at -0.19. The total capital return value is set at -0.47. Equity return is now at value -352.92, with -27.52 for asset returns.
Based on TPI Composites Inc (TPIC), the company’s capital structure generated 1.77 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at -2.3. The interest coverage ratio of the stock is -1.64.
Currently, EBITDA for the company is -127.91 million with net debt to EBITDA at -6.0. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 1.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In a nutshell, TPI Composites Inc (TPIC) has experienced a bad performance in recent times. The stock has received mixed “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.
