With 1.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.87 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 $2.80. Beta for the stock currently stands at 2.04.
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 down-trending over the past week, with a drop of -10.29%, but this was down by -27.38% over a month. Three-month performance dropped to -39.00% while six-month performance fell -67.89%. The stock lost -51.39% in the past year, while it has lost -35.45% so far this year. A look at the trailing 12-month EPS for TPIC yields -5.06 with Next year EPS estimates of -0.84. For the next quarter, that number is -0.48. This implies an EPS growth rate of 75.72% for this year and 31.82% for next year. EPS is expected to grow by 59.20% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -62.47%.
Float and Shares Shorts:
At present, 47.61 million TPIC shares are outstanding with a float of 41.10 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 -$0.15 and the low estimate is -$0.64. The average estimate for the next quarter is thus -$0.39.
