Currently, TPI Composites Inc [TPIC] is trading at $2.64, up 6.01%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TPIC shares have gain 24.76% over the last week, with a monthly amount glided 21.61%, and seem to be holding up well over a long-time horizon.
On 2, November 2023, TPI Composites, Inc. Announces Third Quarter 2023 Earnings Results. In a post published today on Yahoo Finance, TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the third quarter ended September 30, 2023.
From an analyst’s perspective:
TPI Composites Inc [NASDAQ: TPIC] stock has seen the most recent analyst activity on October 03, 2023, when Raymond James downgraded its rating to a Mkt Perform.
This stock has fluctuated between a low of $1.63 and a high of $14.80 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $5.58 within the next 12 months. TPI Composites Inc [NASDAQ: TPIC] shares were valued at $2.64 at the most recent close of the market. An investor can expect a potential return of 111.36% based on the average TPIC price forecast.
Analyzing the TPIC fundamentals
Recent quarter sales for TPI Composites Inc [NASDAQ:TPIC] were 372.86 billion which represents -18.81% decline. During this period, the public company’s revenue per employee was $112,796, while its income per employee was -$4,115. Gross Margin for this corporation currently stands at +0.83% with Operating Margin at -1.30%, Pretax Margin comes in at -1.70%, and Net Margin reading is -3.65%. To continue investigating profitability, this company’s Return on Assets is posted at -5.64, Equity is -15.15, Total Capital is -3.31, and Invested Capital is -10.87. An extended look at the Principal structure reveals enduring liabilities to the total capital of 37.56 and enduring liabilities to assets of 22.53.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.40 points at the first support level, and at 2.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.77, and for the 2nd resistance point, it is at 2.90.
TPI Composites Inc [TPIC] reported earnings per share of -$1.71 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.58/share, meaning a difference of -$1.13 and a surprise factor of -194.80%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$1.89 per share as compared to estimates of -$1.07 per share, a difference of -$0.82 representing a surprise of -76.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TPI Composites Inc [NASDAQ:TPIC] is 1.46. In addition, the Quick Ratio stands at 1.39 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.28, the price to book ratio is 8.44.
Transactions by insiders
In the past 3 months, 2 insiders have purchased 12,000 shares, and 0 have sold 0 shares. Recent insider trading involved Miller Ryan D., Chief Financial Officer, that happened on Aug 25 when 10000.0 shares were purchased. Director, Jordan Tyrone Michael completed a deal on Aug 21 to buy 2000.0 shares. Meanwhile, President and CEO Siwek William E bought 10000.0 shares on Aug 18.