At the time of writing, TPI Composites Inc [TPIC] stock is trading at $3.73, up 5.67%. 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 10.36% over the last week, with a monthly amount drifted -15.80%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TPI Composites Inc [NASDAQ: TPIC] stock has seen the most recent analyst activity on October 17, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $5. Previously, Raymond James downgraded its rating to Mkt Perform on October 03, 2023. On July 27, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $10 on the stock. Johnson Rice downgraded its rating to a Hold but stick to its price target of $10 on July 27, 2023. Craig Hallum downgraded its rating to a Hold and reduced its price target to $11 on July 27, 2023. BTIG Research downgraded its rating to Neutral for this stock on July 27, 2023. In a note dated March 16, 2023, Guggenheim upgraded an Buy rating on this stock but restated the target price of $22.
For the past year, the stock price of TPI Composites Inc fluctuated between $1.63 and $5.75. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. TPI Composites Inc [NASDAQ: TPIC] shares were valued at $3.73 at the most recent close of the market. An investor can expect a potential return of 597.05% based on the average TPIC price forecast.
Analyzing the TPIC fundamentals
According to TPI Composites Inc [NASDAQ:TPIC], the company’s sales were 1.28B for trailing twelve months, which represents an -18.74% plunge. Gross Profit Margin for this corporation currently stands at -0.08% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.37, Equity is 1.47 and Total Capital is -0.53. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.11.
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 3.54 points at the first support level, and at 3.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.84, and for the 2nd resistance point, it is at 3.95.
Ratios To Look Out For
It is important to note that TPI Composites Inc [NASDAQ:TPIC] has a current ratio of 1.00. In addition, the Quick Ratio stands at 0.99 and the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.14.
