Do investors have a safe investment in TPI Composites Inc (NASDAQ:TPIC)?

The price of TPI Composites Inc (NASDAQ:TPIC) shares last traded on Wall Street fell -2.55% to $1.91.

Based on available information, 14 analysts follow TPI Composites Inc (NASDAQ:TPIC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $2.00, we find $4.50. Given the previous closing price of $1.96, this indicates a potential upside of 129.59 percent. TPIC stock price is now -36.71% away from the 50-day moving average and -78.38% away from the 200-day moving average. The market capitalization of the company currently stands at $81.31M.

Among analysts, 10 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $5.58 as their price target over the next twelve months.

In other news, Miller Ryan D., Chief Financial Officer bought 10,000 shares of the company’s stock on Aug 25. The stock was bought for $44,530 at an average price of $4.45. Upon completion of the transaction, the Chief Financial Officer now directly owns 13,648 shares in the company, valued at $26067.68. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21, Director Jordan Tyrone Michael bought 2,000 shares of the business’s stock. A total of $10,320 was incurred on buying the stock at an average price of $5.16. This leaves the insider owning 23,840 shares of the company worth $45534.4. Insiders disposed of 125,122 shares of company stock worth roughly $0.24 million over the past 1 year. A total of 7.23% of the company’s stock is owned by insiders.

A candlestick chart of TPI Composites Inc (NASDAQ: TPIC) showed a price of $1.9100 on Tuesday morning. During the past 12 months, TPI Composites Inc has had a low of $1.90 and a high of $14.80. As of last week, the company has a debt-to-equity ratio of 1.59, a current ratio of 1.46, and a quick ratio of 1.44. The fifty day moving average price for TPIC is $3.0180 and a two-hundred day moving average price translates $8.8341 for the stock.

The latest earnings results from TPI Composites Inc (NASDAQ: TPIC) was released for Sep, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at -$1.89, missing analysts’ expectations of -$1.07 by -0.82. This compares to $0.13 EPS in the same period last year. The net profit margin was -15.94% and return on equity was -54.78% for TPIC. The company reported revenue of $372.86 million for the quarter, compared to $384.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.01 percent. For the current quarter, analysts expect TPIC to generate $381.99M in revenue.

TPI Composites Inc(TPIC) Company Profile

TPI Composites, Inc. manufactures and sells composite wind blades, and related precision molding and assembly systems to original equipment manufacturers (OEMs). The company also provides composite solutions for the automotive industry; and field service inspection and repair services comprising diagnostic, repair, and maintenance services for wind blades to OEM customers, and wind farm owners and operators. It operates in the United States, Mexico, Europe, the Middle East, Africa, and India. The company was formerly known as LCSI Holding, Inc. and changed its name to TPI Composites, Inc. in 2008. TPI Composites, Inc. was founded in 1968 and is headquartered in Scottsdale, Arizona.

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