With 1.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.81 million shares. The 52-week range on TPIC shows that it touched its highest point at $5.75 and its lowest point at $1.10 during that stretch. It currently has a 1-year price target of $3.17. Beta for the stock currently stands at 2.02.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TPIC was up-trending over the past week, with a rise of 7.58%, but this was down by -8.97% over a month. Three-month performance dropped to -40.34% while six-month performance fell -64.23%. The stock lost -55.49% in the past year, while it has lost -24.87% so far this year. A look at the trailing 12-month EPS for TPIC yields -3.74 with Next year EPS estimates of -0.88. For the next quarter, that number is -0.37. This implies an EPS growth rate of 1.68% for this year and 78.40% for next year.
Float and Shares Shorts:
At present, 47.56 million TPIC shares are outstanding with a float of 40.79 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TPIC since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$3.51807 being high and -$4.61448 being low. For TPIC, this leads to a yearly average estimate of -$4.09011. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.47. The average estimate for the next quarter is thus -$0.21.
