TMC the metals company Inc (NASDAQ: TMC) is 69.09% higher on its value in year-to-date trading and has touched a low of $0.65 and a high of $3.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TMC stock was last observed hovering at around $1.87 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.86, the stock is 13.50% and 26.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing -0.53% at the moment leaves the stock 42.35% off its SMA200. TMC registered 123.96% gain for a year compared to 6-month gain of 108.99%. The firm has a 200-day simple moving average (SMA200) of -$8.06.
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The stock witnessed a 6.29% loss in the last 1 month and extending the period to 3 months gives it a 28.28%, and is 10.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.47% over the week and 10.78% over the month.
TMC the metals company Inc (TMC) has around 46 employees, a market worth around $591.95M and $0.00M in sales. Distance from 52-week low is 186.15% and -41.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-296.10%).
TMC the metals company Inc quarterly earnings per share for the current quarter are estimated at -$0.05.The EPS is expected to grow by 37.18% this year
88 institutions hold shares in TMC the metals company Inc (TMC), with institutional investors hold 9.41% of the company’s shares. The shares outstanding are 306.56M, and float is at 117.34M with Short Float at 7.91%. Institutions hold 4.97% of the Float.
The top institutional shareholder in the company is First Manhattan Company with over 7.07 million shares valued at $11.52 million. The investor’s holdings represent 2.41% of the TMC Shares outstanding. As of Jun 29, 2023, the second largest holder is Baird Financial Group, Inc. with 1.91 million shares valued at $3.11 million to account for 0.65% of the shares outstanding. The other top investors are Ronit Capital LLP which holds 1.71 million shares representing 0.59% and valued at over $1.8 million, while Old West Investment Management, LLC holds 0.27% of the shares totaling 0.8 million with a market value of $1.3 million.
TMC the metals company Inc (TMC) Insider Activity
The most recent transaction is an insider sale by O’Sullivan Anthony, the company’s Chief Development Officer. SEC filings show that O’Sullivan Anthony sold 50,000 shares of the company’s common stock on Mar 28 ’24 at a price of $1.33 per share for a total of $66740.0. Following the sale, the insider now owns 0.95 million shares.
TMC the metals company Inc disclosed in a document filed with the SEC on Mar 22 ’24 that Shesky Craig (Chief Financial Officer) sold a total of 233,424 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $1.61 per share for $0.38 million. Following the transaction, the insider now directly holds 0.95 million shares of the TMC stock.
Still, SEC filings show that on Dec 22 ’23, Stone Gregory (Chief Ocean Scientist) disposed off 25,000 shares at an average price of $1.10 for $27392.0. The insider now directly holds 320,876 shares of TMC the metals company Inc (TMC).
