TMC the metals company Inc (NASDAQ: TMC) is -34.09% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $2.07 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TMC stock was last observed hovering at around $0.77 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $0.73, the stock is -13.01% and -21.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -5.35% at the moment leaves the stock -41.40% off its SMA200. TMC registered -36.96% loss for a year compared to 6-month loss of -48.58%. The firm has a 50-day simple moving average (SMA 50) of $0.93094 and a 200-day simple moving average (SMA200) of $1.24078.
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The stock witnessed a -20.68% gain in the last 1 month and extending the period to 3 months gives it a -29.61%, and is -8.87% 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 5.45% over the week and 6.90% over the month.
TMC the metals company Inc (TMC) has around 46 employees, a market worth around $249.52M and $0.00M in sales. Distance from 52-week low is -3.33% and -64.98% from its 52-week high.
The EPS is expected to grow by 32.27% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
97.0 institutions hold shares in TMC the metals company Inc (TMC), with institutional investors hold 11.99% of the company’s shares. The shares outstanding are 324.13M, and float is at 141.52M with Short Float at 6.27%. Institutions hold 5.74% of the Float.
The top institutional shareholder in the company is FIRST MANHATTAN CO. LLC. with over 7.6 million shares valued at $10.26 million. The investor’s holdings represent 2.4405 of the TMC Shares outstanding. As of 2024-06-30, the second largest holder is BAIRD FINANCIAL GROUP, INC. with 2.28 million shares valued at $3.07 million to account for 0.7311 of the shares outstanding. The other top investors are MIRABELLA FINANCIAL SERVICES LLP which holds 2.11 million shares representing 0.6766 and valued at over $2.85 million, while SUSQUEHANNA INTERNATIONAL GROUP, LLP holds 0.4268 of the shares totaling 1.33 million with a market value of $1.79 million.
TMC the metals company Inc (TMC) Insider Activity
The most recent transaction is an insider sale by Shesky Craig, the company’s Chief Financial Officer. SEC filings show that Shesky Craig sold 47,523 shares of the company’s common stock on Nov 27 ’24 at a price of $0.85 per share for a total of $40185.0. Following the sale, the insider now owns 0.98 million shares.
Still, SEC filings show that on Nov 19 ’24, Hall Andrew (Director) disposed off 66,000 shares at an average price of $0.93 for $61538.0. The insider now directly holds 182,966 shares of TMC the metals company Inc (TMC).
