After Hours
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. The stock was recently discussed on Yahoo Finance as it revealed that TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call.
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Stocks Info
This NASDAQ-listed company operates within the Specialty Industrial Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $2.94 and fluctuated between $3.1400 as its day high and $2.9250 as its day low. The current market capitalization of TPI Composites Inc is $125.16M. A total of 0.78 million shares were traded on the day, compared to an average of 1.92M shares.
Insider Activity
Insider trades can also provide insight into a stock’s future direction. During the recent three months, TPIC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 18 BUYs and 6 SELLs from insiders. Insiders purchased 243,965 shares during that period but sold 54,885.
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.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for TPIC in the last 3 months, the mean price target is $4.68 with high estimates of $8.00 and low estimates of $2.50. In terms of 52-week highs and lows, TPIC has a high of $14.58 and a low of $1.63.
As of this writing, TPIC has an earnings estimate of -$0.88 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of -$0.56 per share and a lower estimate of -$1.15. The company reported an EPS of -$1.89 in the last quarter, which was -76.60% lower than expectations of -$1.07.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. TPIC’s latest balance sheet shows that the firm has $216.24M in Cash & Short Term Investments as of fiscal 2021. There were $233.53M in debt and $469.11M in liabilities at the time. Its Book Value Per Share was -$3.47, while its Total Shareholder’s Equity was $121.95M.
Analysts Opinion
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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 3.62.
