On November 13, 2024, William Siwek, President and Chief Executive Officer of TPI Composites Inc (TPIC, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 218,347 shares of TPI Composites Inc.
TPI Composites Inc is a manufacturer of composite wind blades for the wind energy market. The company also provides composite solutions for the transportation industry.
The shares were acquired at a price of $2.19 per share, valuing the transaction at $21,900. This purchase by the insider is part of a broader trend where there have been 2 insider buys and 0 insider sells over the past year at TPI Composites Inc.
Currently, TPI Composites Inc has a market cap of $108.681 million. The stock's valuation metrics, such as the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are calculated based on historical trading multiples, adjusted for the company's past performance and expected future business outcomes.
According to the GF Value, the intrinsic value of TPI Composites Inc is estimated at $8.70 per share, which suggests that the stock is currently undervalued with a price-to-GF-Value ratio of 0.25. This valuation indicates a "Possible Value Trap, Think Twice" status.
This insider buying activity could be a signal to investors about the perceived value of the stock at current prices, considering the insider's increased stake in the company.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
