TPIC Stock Summary and Trading Ideas (Tpi Composites | NASDAQ:TPIC)

TPI Composites Inc is engaged in manufacturing composite wind blades. The company operates in wind energy and transportation industries where it manufactures structures for a bus, rail, theme parks, and trucks. Geographically the segments are divided into the U.S, Asia, Mexico, EMEA and India where the Mexico segment derives a majority of revenue.

Tpi Composites trades on the NASDAQ stock market under the symbol TPIC.

As of May 10, 2024, TPIC stock price declined to $3.70 with 772,019 million shares trading.

TPIC has a beta of 2.62, meaning it tends to be more sensitive to market movements. TPIC has a correlation of 0.08 to the broad based SPY ETF.

TPIC has a market cap of $175.63 million. This is considered a Micro Cap stock.

Last quarter Tpi Composites reported $299 million in Revenue and -$1.30 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.56.

In the last 3 years, TPIC stock traded as high as $51.79 and as low as $1.63.

The top ETF exchange traded funds that TPIC belongs to (by Net Assets): IWM, VTI, FNDA, PBW, PRFZ.

TPIC stock has underperformed the market in the last year with a return of -59.7%, while SPY returned +27.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TPIC shares. However, TPIC has outperformed the market in the last 3 month and 2 week periods, returning +31.7% and +33.1%, while SPY returned +4.2% and +2.5%, respectively. This indicates TPIC has been having a stronger performance recently.

TPIC support price is $3.61 and resistance is $4.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TPIC stock will trade within this expected range on the day.