Investors Eye Top Picks: TPI Composites, Inc. (TPIC), UniFirst Corporation (UNF) – GV Times

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The price of TPI Composites, Inc. (NASDAQ:TPIC) went up by $0.58 now trading at $29.77. Their shares witnessed a 37.51% increase from the 52-week low price of $21.65 they recorded on 2018-04-26. Even though it is still -9.98% behind the $32.74 high touched on 2019-02-15. The last few days have been good for the stock, as its price has grew by 3.05% during the week. It has also performed better over the past three months, as it added around 1.26% while it has so far climbed around 31.43% during the course of a year. The stock of TPIC recorded 21.11% uptrend from the beginning of this year till date. The 12-month potential price target for TPI Composites, Inc. is set at $36.63. This target means that the stock has an upside potential to increase by 23.04% from the current trading price.

31 institutions entered new TPI Composites, Inc. (NASDAQ:TPIC) positions, 87 added to their existing positions in these shares, 62 lowered their positions, and 22 exited their positions entirely.

TPI Composites, Inc. (TPIC) trade volume has decreased by -3.15% as around 306,879 shares were sold when compared with its 50-day average volume of traded shares which is 316,870. At the moment, TPIC is witnessing a uptrend, as it is trading 2.72% above its 20-day SMA, -0.61% below its 50-day SMA, and 6.19% below its 200-day SMA. The company runs an ROE of roughly -19.8%, with financial analysts predicting that their earnings per share growth will be around 50% per annum for the next five year. This will be compared to the 30.3% increase witnessed over the past five years.

The first technical resistance point for TPI Composites, Inc. (NASDAQ:TPIC) will likely come at $29.96, marking a 0.63% premium to the current level. The second resistance point is at $30.14, about 1.23% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $29.08, the lower end of the range. TPIC’s 14-day MACD is 0.6 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 56.65, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 20.67 percent, which is low when compared to that of the 50-day’s 28.94 percent.

The shares of UniFirst Corporation (NYSE:UNF) has decreased by -0.26%, and now trading at $154.41 on the Wall Street in the intra-day deal, with their shares traded now around 80,170. This is a decline of -54,162 shares over the average 134,332 shares that were traded daily over the last three months. The stock that is trading at $154.41 went higher by 16.64% from its 52-week low of $132.38 that it attained back on 2019-01-03. The stock recorded a 52-week high of $193.05 nearly 293 days ago on 2018-06-27.

UNF stock has performed well over the past 30 days, as it added 11.43% while its price climbed by 7.93% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -2.97% over the last week. The stock’s 12-month potential target price is now at $165. This means that the stock price might likely increase by 6.86% from its current trading price. 1 out of 4 Wall Street analysts which represents 25% rated the stock as a buy while the remaining 75% rated it as a hold, with 0% of analysts rating it as a sell.

UniFirst Corporation (NYSE:UNF) has been utilizing an ROE that is roughly 11%, with stock analysts predicting that the company’s EPS for the next five years will go up by 10% per year, following the 4.4% raise that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 2.99% above its 20-day SMA, 6.47% above its 50-day SMA, and -2.55% below its 200-day SMA. In percentage terms, the aggregate UniFirst Corporation shares held by institutional investors is 97.9%. 32 institutions jumped in to acquire UniFirst Corporation (UNF) fresh stake, 115 added to their current holdings in these shares, 102 lowered their positions, and 37 left no stake in the company.

The stock’s 9-day MACD is -2.06 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 56.87, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 37.81 percent, which is more when compared to that of the 50-day’s 25.72 percent. On the daily chart, we see that the stock could reach the first level of resistance at $155.51, sporting a 0.71% premium to the current level. The next resistance point is at $156.62, representing nearly 1.41% premium to the current market price of UniFirst Corporation (UNF). On the other hand, failure to breach the immediate hurdles can drag it down to $153.21, the lower end of the range.

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