TPI Composites Inc [TPIC] stock prices are down -7.89% to $3.15 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TPIC shares have gain 3.96% over the last week, with a monthly amount glided 14.96%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024. In a post published today on Yahoo Finance, TPI Composites, Inc. (Nasdaq: TPIC), today reported financial results for the fourth quarter and full year ended December 31, 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. Previously, ROTH MKM downgraded its rating to Neutral on July 27, 2023, and dropped its price target to $10. On July 27, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $10 on the stock. Craig Hallum downgraded its rating to a Hold and decreased its price target to $11 on July 27, 2023. BTIG Research downgraded its rating to a Neutral. Guggenheim upgraded its rating to Buy for this stock on March 16, 2023, but kept the price target unchanged to $22. In a note dated February 23, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $9 to $14.
The stock price of TPI Composites Inc [TPIC] has been fluctuating between $1.63 and $14.16 over the past year. Currently, Wall Street analysts expect the stock to reach $33 within the next 12 months. TPI Composites Inc [NASDAQ: TPIC] shares were valued at $3.15 at the most recent close of the market. An investor can expect a potential return of 947.62% based on the average TPIC price forecast.
Analyzing the TPIC fundamentals
The TPI Composites Inc [NASDAQ:TPIC] reported sales of 1.46B for trailing twelve months, representing a drop of -26.17%. Gross Profit Margin for this corporation currently stands at -0.06% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.12%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.24, Equity is 2.21 and Total Capital is -0.36. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-4.14.
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 2.95 points at the first support level, and at 2.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.50, and for the 2nd resistance point, it is at 3.84.
TPI Composites Inc [TPIC] reported earnings per share of $0.31 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.88/share, meaning a difference of $1.19 and a surprise factor of 135.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.71 per share as compared to estimates of -$0.58 per share, a difference of -$1.13 representing a surprise of -194.80%.
Ratios To Look Out For
It’s worth pointing out that TPI Composites Inc [NASDAQ:TPIC]’s Current Ratio is 1.30. Further, the Quick Ratio stands at 1.28, while the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 0.10.
Transactions by insiders
Recent insider trading involved Miller Ryan D., Chief Financial Officer, that happened on Aug 25 ’23 when 10000.0 shares were purchased. Director, Jordan Tyrone Michael completed a deal on Aug 21 ’23 to buy 2000.0 shares. Meanwhile, President and CEO Siwek William E bought 10000.0 shares on Aug 18 ’23.
