While TPI Composites Inc has overperformed by 12.87%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TPIC fell by -74.63%, with highs and lows ranging from $14.16 to $1.63, whereas the simple moving average fell by -30.86% in the last 200 days.
On October 03, 2023, Raymond James Downgraded TPI Composites Inc (NASDAQ: TPIC) to Mkt Perform. A report published by ROTH MKM on July 27, 2023, Downgraded its rating to ‘Neutral’ for TPIC. Johnson Rice also Downgraded TPIC shares as ‘Hold’, setting a target price of $10 on the company’s shares in a report dated July 27, 2023. Craig Hallum July 27, 2023d the rating to Hold on July 27, 2023, and set its price target from $15 to $11. BTIG Research July 27, 2023d its ‘Buy’ rating to ‘Neutral’ for TPIC, as published in its report on July 27, 2023. Guggenheim’s report from March 16, 2023 suggests a price prediction of $22 for TPIC shares, giving the stock a ‘Buy’ rating. BofA Securities also rated the stock as ‘Buy’.
Analysis of TPI Composites Inc (TPIC)
Further, the quarter-over-quarter decrease in sales is -26.17%, showing a negative trend in the upcoming months.
One of the most important indicators of TPI Composites Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -165.04% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.28, 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.
For any stock, average volume can also provide valuable insight into volatility, and TPIC is recording 1.97M average volume. On a monthly basis, the volatility of the stock is set at 10.42%, whereas on a weekly basis, it is put at 11.48%, with a gain of 23.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.58, showing growth from the present price of $3.42, 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?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. 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 3.82%. 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 71.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TPIC shares are owned by institutional investors to the tune of 71.82% at present.
