TMC the metals company Inc (NASDAQ: TMC) is 49.09% 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 $1.61 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $1.64, the stock is 0.08% and 7.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing 1.86% at the moment leaves the stock 25.33% off its SMA200. TMC registered 90.70% gain for a year compared to 6-month gain of 86.49%.
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The stock witnessed a -6.82% loss in the last 1 month and extending the period to 3 months gives it a 25.19%, and is -5.20% down 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 6.98% over the week and 9.77% over the month.
TMC the metals company Inc (TMC) has around 46 employees, a market worth around $521.93M and $0.00M in sales. Distance from 52-week low is 152.31% and -48.75% from its 52-week high. The company has generated returns on investments over the last 12 months (-296.10%).
The EPS is expected to grow by 37.18% this year.
TMC the metals company Inc (TMC) Top Institutional Holders
The shares outstanding are 306.56M, and float is at 119.14M with Short Float at 7.79%.
TMC the metals company Inc (TMC) Insider Activity
The most recent transaction is an insider sale by O’Sullivan Anthony,the company’sChief 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).
