While TPI Composites Inc has overperformed by 7.26%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TPIC fell by -50.00%, with highs and lows ranging from $5.75 to $1.10, whereas the simple moving average fell by -45.53% in the last 200 days.
On December 12, 2024, JP Morgan Downgraded TPI Composites Inc (NASDAQ: TPIC) to Neutral. A report published by Morgan Stanley on November 15, 2024, Downgraded its rating to ‘Underweight’ for TPIC. Jefferies also rated TPIC shares as ‘Hold’, setting a target price of $5 on the company’s shares in an initiating report dated October 17, 2024. ROTH MKM July 27, 2023d its ‘Buy’ rating to ‘Neutral’ for TPIC, as published in its report on July 27, 2023. Johnson Rice’s report from July 27, 2023 suggests a price prediction of $10 for TPIC shares, giving the stock a ‘Hold’ rating. Craig Hallum also rated the stock as ‘Hold’.
Analysis of TPI Composites Inc (TPIC)
Further, the quarter-over-quarter increase in sales is 2.12%, showing a positive trend in the upcoming months.
To gain a thorough understanding of TPI Composites Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -352.92% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.94, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and TPIC is recording an average volume of 1.67M. On a monthly basis, the volatility of the stock is set at 21.61%, whereas on a weekly basis, it is put at 15.30%, with a loss of -1.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.17, showing growth from the present price of $1.92, 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?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 7.93%. 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 72.89% 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 72.89% at present.
