In Monday’s session, TPI Composites Inc. (NASDAQ:TPIC) marked $3.13 per share, down from $3.50 in the previous session. While TPI Composites Inc. has underperformed by -10.57%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TPIC fell by -79.12%, with highs and lows ranging from $14.81 to $3.46, whereas the simple moving average fell by -69.92% in the last 200 days.
On July 27, 2023, ROTH MKM Downgraded TPI Composites Inc. (NASDAQ: TPIC) to Neutral.
Analysis of TPI Composites Inc. (TPIC)
Further, the quarter-over-quarter decrease in sales is -2.90%, showing a negative trend in the upcoming months.
TPI Composites Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 1.50, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and TPIC has an average volume of 1.44M. On a monthly basis, the volatility of the stock is set at 8.37%, whereas on a weekly basis, it is put at 8.31%, with a loss of -16.31% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.04, showing growth from the present price of $3.13, which can serve as yet another indication of whether TPIC is worth investing in or should be passed over.
How Do You Analyze TPI Composites Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.50%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 93.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TPIC shares?
The recent increase in stakes in TPIC appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in TPIC has increased by 12.12% in the first quarter. The company now owns 3,475,671 shares of the stock, with a value of $17.55 million, following the purchase of 375,647 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in TPIC during the first quarter, upping its stake by 0.90%. During the last quarter, the company picked up 18,457 additional shares for a total stake of worth $10.45 million, bringing number of shares owned by the company to 2,069,118.
During the first quarter, Credit Suisse Asset Management added a 20,783 position in TPIC. SSgA Funds Management, Inc. sold an additional -0.53 million shares in the last quarter, decreasing its holdings by -24.78%, now holding 1.6 million shares worth $8.1 million. At the end of the first quarter, Erste Asset Management GmbH increased its TPIC holdings by 12.42% and now holds 1.45 million TPIC shares valued at $7.31 million with the added 0.16 million shares during the period. TPIC shares are owned by institutional investors to the tune of 93.20% at present.