TPI Composites Inc (NASDAQ:TPIC) price on Friday, May 02, rose 4.08% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.97.
A look at the stock’s price movement, the close in the last trading session was $0.94, moving within a range at $0.9049 and $0.9933. The beta value (5-Year monthly) was 2.055. Turning to its 52-week performance, $5.75 and $0.64 were the 52-week high and 52-week low respectively. Overall, TPIC moved 12.09% over the past month.
TPI Composites Inc’s market cap currently stands at around $47.40 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-19.
Analysts have a consensus estimate of 312.35M for the company’s revenue for the quarter, with a low and high estimate of 289.43M and 332.45M respectively. The average forecast suggests up to a 4.44% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.42B, representing a 6.76% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TPIC is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 4 recommend TPIC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TPIC’s current price about 19.27% and 4.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.34, while 7-day volatility ratio is 8.85% and 12.21% in the 30-day chart. Further, TPI Composites Inc (TPIC) has a beta value of 2.01, and an average true range (ATR) of 0.10. Analysts have given the company’s stock an average 52-week price target of $28.5, forecast between a low of $5 and high of $42. Looking at the price targets, the low is -415.46% off current price level while to achieve the yearly target high, price needs to move -4229.9%. Nonetheless, investors will most likely welcome a -2838.14% jump to $28.5 which is the analysts’ median price.
If we refocus on TPI Composites Inc (NASDAQ:TPIC), historical trading data shows that trading volumes averaged 0.4 over the past 10 days and 757.47K over the past 3 months. The company’s latest data on shares outstanding shows there are 47.61 million shares.
The 30.22% of TPI Composites Inc’s shares are in the hands of company insiders while institutional holders own 62.19% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.89 million on 2025-04-15, giving us a short ratio of 10.74. The data shows that as of 2025-04-15 short interest in TPI Composites Inc (TPIC) stood at 1698.9999999999998 of shares outstanding, with shares short falling to 8.3 million registered in 2025-03-14. Current price change has pushed the stock -48.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TPIC stock continues to rise going into the next quarter.
