TPI Composites Inc. (NASDAQ:TPIC) shares fell to a low of $42.73 before closing at $44.10. Intraday shares traded counted 0.79 million, which was 22.83% higher than its 30-day average trading volume of 1.03M. TPIC’s previous close was $43.56 while the outstanding shares total 36.60M. The firm has a beta of 1.64. The stock’s Relative Strength Index (RSI) is 38.45, with weekly volatility at 6.01% and ATR at 3.16. The TPIC stock’s 52-week price range has touched low of $18.75 and a $81.36 high. The stock traded higher over the last trading session, gaining 1.24% on 05/18/21.
Investors have identified the Specialty Industrial Machinery company TPI Composites Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.51 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
TPI Composites Inc. (TPIC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For TPIC, the company has in raw cash 136.57 million on their books with 53.29 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 537.37 million total, with 419.82 million as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 1.77 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TPIC sounds very interesting.
Is the stock of TPIC attractive?
In related news, President and CEO, Siwek William E sold 2,130 shares of the company’s stock in a transaction that recorded on May 18. The sale was performed at an average price of 44.41, for a total value of 94,603. As the sale deal closes, the Chief Operating Officer – Wind, Gopalakrishnan Ramesh now sold 1,420 shares of the company’s stock, valued at 63,069. Also, Director, Lockard Steven C sold 66,537 shares of the company’s stock in a deal that was recorded on May 12. The shares were price at an average price of 43.20 per share, with a total market value of 2,874,272. Following this completion of acquisition, the Director, Lockard Steven C now holds 158,593 shares of the company’s stock, valued at 7,136,753. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.60%.
7 out of 13 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on TPI Composites Inc.. 0 analysts has assigned a Sell rating on the TPIC stock. The 12-month mean consensus price target for the company’s shares has been set at $62.64.