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Friday, September 29, 2023

TPI Composites Inc. (TPIC) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for TPI Composites Inc. (TPIC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.60%, to $5.01. The TPI Composites Inc. has recorded 12,044 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that TPI Composites Manufactures Structural Composites for the Development of the International® SuperTruck II.

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Stocks Info

TPI Composites Inc. is listed on the NASDAQ in the Industrials sector while operating in the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $5.04 and fluctuated between $5.19 as its day high and $4.93 as its day low. The current market capitalization of TPI Composites Inc. is $215.01M. A total of 0.88 million shares were traded on the day, compared to an average of 1.31M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, TPIC has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 10,000 and the disposition of 0 shares. Over the last 12 months, there were 26 BUYs and 21 SELLs from insiders. Insiders purchased 429,667 shares during that period but sold 8,051,954.

In the most recent transaction, Miller Ryan D. bought 10,000 shares of TPIC for 4.45 per share on Aug 25. After the transaction, the Chief Financial Officer now owns 13,648 company shares. In a previous transaction on Aug 21, Jordan Tyrone Michael bought 2,000 shares at 5.16 per share. TPIC shares that Director owns now total 23,840.

Among the insiders who bought shares, Siwek William E acquired of 10,000 shares on Aug 18 at a per-share price of $4.90. This resulted in the President and CEO holding 193,007 shares of TPIC after the transaction. In another insider transaction, Lavine Jerrold I sold 19,040 shares at $11.14 per share on Jun 02. Company shares held by the President, Automotive now total 19,043.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for TPIC in the last 3 months, the mean price target is $11.89 with high estimates of $17.00 and low estimates of $6.00. In terms of 52-week highs and lows, TPIC has a high of $19.87 and a low of $4.31.

As of this writing, TPIC has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of -$0.38 per share and a lower estimate of -$0.78. The company reported an EPS of -$0.72 in the last quarter, which was -84.60% lower than expectations of -$0.39.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. TPIC’s latest balance sheet shows that the firm has $242.16M in Cash & Short Term Investments as of fiscal 2021. There were $243.81M in debt and $469.11M in liabilities at the time. Its Book Value Per Share was -$1.86, while its Total Shareholder’s Equity was $250.97M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TPIC is Buy with a score of 3.64.

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