At the time of writing, TPI Composites Inc [TPIC] stock is trading at $2.40, up 96.72%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TPIC shares have gain 95.12% over the last week, with a monthly amount glided 20.00%, and 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 December 12, 2024, when JP Morgan downgraded its rating to a Neutral. Previously, Morgan Stanley downgraded its rating to Underweight on November 15, 2024, and dropped its price target to $2. On October 17, 2024, Jefferies initiated with a Hold rating and assigned a price target of $5 on the stock. Raymond James downgraded its rating to a Mkt Perform. ROTH MKM downgraded its rating to a Neutral and reduced its price target to $10 on July 27, 2023. Johnson Rice downgraded its rating to Hold for this stock on July 27, 2023, but kept the price target unchanged to $10. In a note dated July 27, 2023, Craig Hallum downgraded an Hold rating on this stock and revised its target price from $15 to $11.
For the past year, the stock price of TPI Composites Inc fluctuated between $1.10 and $5.75. Currently, Wall Street analysts expect the stock to reach $5 within the next 12 months. TPI Composites Inc [NASDAQ: TPIC] shares were valued at $2.40 at the most recent close of the market. An investor can expect a potential return of 108.33% based on the average TPIC price forecast.
Analyzing the TPIC fundamentals
According to TPI Composites Inc [NASDAQ:TPIC], the company’s sales were 1.29B for trailing twelve months, which represents an 2.12% jump. Gross Profit Margin for this corporation currently stands at -0.07% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.16%, and Net Profit Margin reading is -0.19%. To continue investigating profitability, this company’s Return on Assets is posted at -0.33, Equity is 1.11 and Total Capital is -0.47. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.88.
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 1.54 points at the first support level, and at 0.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.95, and for the 2nd resistance point, it is at 3.49.
Ratios To Look Out For
It is important to note that TPI Composites Inc [NASDAQ:TPIC] has a current ratio of 0.95. Also, the Quick Ratio is 0.94, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 0.17.
Transactions by insiders
Recent insider trading involved Siwek William E, President and CEO, that happened on Nov 13 ’24 when 10000.0 shares were purchased. Chief Financial Officer, Miller Ryan D. completed a deal on Nov 12 ’24 to buy 10000.0 shares.
