The stock price of TPI Composites Inc (NASDAQ: TPIC) has dropped by -6.58 compared to previous close of 1.52. Despite this, the company has seen a fall of -14.46% in its stock price over the last five trading days. globenewswire.com reported 2025-01-30 that SCOTTSDALE, Ariz., Jan. 30, 2025 (GLOBE NEWSWIRE) — TPI Composites, Inc. (“TPI”) (Nasdaq: TPIC) today announced that the company will release its fourth quarter and full year 2024 results after the market close on Thursday, February 20, 2025, 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?
The 36-month beta value for TPIC is also noteworthy at 2.02. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for TPIC is 43.79M, and at present, short sellers hold a 16.80% of that float. The average trading volume of TPIC on February 05, 2025 was 1.91M shares.
TPIC’s Market Performance
TPIC stock saw a decrease of -14.46% in the past week, with a monthly decline of -20.67% and a quarterly a decrease of -58.30%. The volatility ratio for the week is 9.50%, and the volatility levels for the last 30 days are 11.58% for TPI Composites Inc (TPIC). The simple moving average for the past 20 days is -10.28% for TPIC’s stock, with a -58.32% simple moving average for the past 200 days.
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 -15.44% 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 -75.30% of loss for the given period.
Volatility was left at 11.58%, however, over the last 30 days, the volatility rate increased by 9.50%, as shares sank -26.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.70% lower at present.
During the last 5 trading sessions, TPIC fell by -14.46%, which changed the moving average for the period of 200-days by -48.18% in comparison to the 20-day moving average, which settled at $1.5827. In addition, TPI Composites Inc saw -24.87% 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 0.53. 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 summary, TPI Composites Inc (TPIC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
