TMC the metals company Inc (TMC) concluded trading on Wednesday at a closing price of $1.30, with 6.67 million shares of worth about $8.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.96% during that period and on January 15, 2025 the price saw a gain of about 23.81%. Currently the company’s common shares owned by public are about 324.13M shares, out of which, 141.82M shares are available for trading.
Stock saw a price change of 9.24% in past 5 days and over the past one month there was a price change of 63.40%. Year-to-date (YTD), TMC shares are showing a performance of 16.07% which decreased to -9.72% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.72 but also hit the highest price of $2.07 during that period. The average intraday trading volume for TMC the metals company Inc shares is 1.50 million. The stock is currently trading 28.09% above its 20-day simple moving average (SMA20), while that difference is up 37.07% for SMA50 and it goes to 8.89% higher than SMA200.
TMC the metals company Inc (NASDAQ: TMC) currently have 324.13M outstanding shares and institutions hold larger chunk of about 5.15% of that.
The stock has a current market capitalization of $447.41M and its 3Y-monthly beta is at 1.49. It has posted earnings per share of -$0.36 in the same period. It has Quick Ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TMC, volatility over the week remained 11.16% while standing at 11.20% over the month.
Analysts are in expectations that TMC the metals company Inc (TMC) stock would likely to be making an EPS of -0.05 in the current quarter, while forecast for next quarter EPS is -0.04 and it is -0.14 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.06 which is -0.04 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.17 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 16.51% while it is estimated to increase by 40.76% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Alliance Global Partners on Jan-16-25 offering a Buy rating for the stock and assigned a target price of $3.75 to it. Coverage by Cantor Fitzgerald stated TMC the metals company Inc (TMC) stock as a Buy in their note to investors on November 13, 2023, suggesting a price target of $4.20 for the stock. On November 24, 2021, Wedbush Initiated their recommendations, while on November 12, 2021, Piper Sandler Initiated their ratings for the stock with a price target of $3. Stock get a Hold rating from The Benchmark Company on November 11, 2021.
