Tpi Composites Stock Price on May 1, 2024
| TPIC Stock | USD 4.74 0.51 12.06% |
Below is the normalized historical share price chart for TPI Composites extending back to July 22, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of TPI Composites stands at 4.74, as last reported on the 27th of May, with the highest price reaching 4.80 and the lowest price hitting 4.26 during the day.
If you're considering investing in TPI Stock, it is important to understand the factors that can impact its price. TPI Composites appears to be very risky, given 3 months investment horizon. TPI Composites owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of volatility over the last 3 months. By examining TPI Composites' technical indicators, you can evaluate if the expected return of 0.8% is justified by implied risk. Please review TPI Composites' risk adjusted performance of 0.1224, and Coefficient Of Variation of 513.88 to confirm if our risk estimates are consistent with your expectations.
The current year's Total Stockholder Equity is expected to grow to about (116.2 M). In addition to that, Liabilities And Stockholders Equity is expected to decline to about 641.2 M. As of May 27, 2024, Price To Sales Ratio is expected to decline to 0.12. The current year's Price Earnings Ratio is expected to grow to -0.83. TPI Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 22nd of July 2016 | 200 Day MA 3.1326 | 50 Day MA 3.195 | Beta 1.96 |
TPI |
Sharpe Ratio = 0.1479
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Estimated Market Risk
| 5.42 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.8 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average TPI Composites is performing at about 11% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of TPI Composites by adding it to a well-diversified portfolio.
Price Book 4.9793 | Enterprise Value Ebitda (4.59) | Price Sales 0.0847 | Shares Float 42.5 M | Wall Street Target Price 5.19 |
Related Headline
CarMax Headline on 1st of May 2024
Filed transaction by CarMax Inc Officer: Svp, Caf. Grant, award or other acquisition pursuant to Rule 16b-3(d)
TPI Composites Valuation on May 1, 2024
It is possible to determine the worth of TPI Composites on a given historical date. On May 1, 2024 TPI was worth 3.2 at the beginning of the trading date compared to the closed value of 3.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of TPI Composites stock. Still, in general, we apply an absolute valuation method to find TPI Composites' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of TPI Composites where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against TPI Composites' related companies.
| Open | High | Low | Close | Volume | |
| 2.94 | 3.28 | 2.84 | 3.18 | 1,208,829 | |
05/01/2024 | 3.20 | 3.60 | 3.17 | 3.33 | 1,709,608 |
| 3.41 | 3.72 | 3.27 | 3.64 | 1,829,072 |
| Backtest TPI Composites | | | TPI Composites History | | | TPI Composites Valuation | Previous | Next |
TPI Composites Trading Date Momentum on May 1, 2024
| On May 02 2024 TPI Composites was traded for 3.64 at the closing time. The top price for the day was 3.72 and the lowest listed price was 3.27 . The trading volume for the day was 1.8 M. The trading history from May 2, 2024 was a factor to the next trading day price growth. The trading price change against the next closing price was 9.31% . The trading price change against the current closing price is 9.91% . |
TPI Composites Fundamentals Correlations and Trends
By evaluating TPI Composites' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among TPI Composites' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. TPI financial account trend analysis is a perfect complement when working with valuation or volatility modules.About TPI Composites Stock history
TPI Composites investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for TPI is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in TPI Composites will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing TPI Composites stock prices may prove useful in developing a viable investing in TPI Composites
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 42.7 M | 36.1 M | |
| Net Loss | -111.8 M | -106.2 M |
TPI Composites Stock Technical Analysis
TPI Composites technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
TPI Composites Period Price Range
Low | May 1, 2024
| High |
3.20 | 3.33 |
TPI Composites May 27, 2024 Market Strength
Market strength indicators help investors to evaluate how TPI Composites stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading TPI Composites shares will generate the highest return on investment. By undertsting and applying TPI Composites stock market strength indicators, traders can identify TPI Composites entry and exit signals to maximize returns
TPI Composites Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for TPI Composites' price direction in advance. Along with the technical and fundamental analysis of TPI Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of TPI to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1224 | |||
| Jensen Alpha | 1.03 | |||
| Total Risk Alpha | 0.7398 | |||
| Sortino Ratio | 0.229 | |||
| Treynor Ratio | 0.4867 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TPI Composites. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. For information on how to trade TPI Stock refer to our How to Trade TPI Stock guide.You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary Tools for TPI Stock analysis
When running TPI Composites' price analysis, check to measure TPI Composites' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TPI Composites is operating at the current time. Most of TPI Composites' value examination focuses on studying past and present price action to predict the probability of TPI Composites' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TPI Composites' price. Additionally, you may evaluate how the addition of TPI Composites to your portfolios can decrease your overall portfolio volatility.
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Is TPI Composites' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of TPI Composites. If investors know TPI will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about TPI Composites listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.71) | Revenue Per Share 30.755 | Quarterly Revenue Growth (0.26) | Return On Assets (0.12) | Return On Equity (3.53) |
The market value of TPI Composites is measured differently than its book value, which is the value of TPI that is recorded on the company's balance sheet. Investors also form their own opinion of TPI Composites' value that differs from its market value or its book value, called intrinsic value, which is TPI Composites' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because TPI Composites' market value can be influenced by many factors that don't directly affect TPI Composites' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between TPI Composites' value and its price as these two are different measures arrived at by different means. Investors typically determine if TPI Composites is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, TPI Composites' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.