After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that TPI Composites, Inc. Announces Fourth Quarter and Full Year 2023 Earnings Results; Enhanced Liquidity Position and Projects Improved Profitability for the Second Half of 2024.
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Stocks Info
As a NASDAQ listed company, TPIC falls under the Industrials sector while operating within the Specialty Industrial Machinery industry segment. The current market capitalization of TPI Composites Inc is $146.92M. A total of 1.03 million shares were traded on the day, compared to an average of 1.97M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the 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.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for TPIC in the last 3 months, the mean price target is $4.48 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 $14.45 and a low of $1.63.
As of this writing, TPIC has an earnings estimate of -$0.59 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of -$0.35 per share and a lower estimate of -$0.86. The company reported an EPS of -$1.71 in the last quarter, which was -194.80% lower than expectations of -$0.58.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.
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.
