Currently, there are 340.71M common shares owned by the public and among those 183.28M shares have been available to trade.
The company’s stock has a 5-day price change of 3.04% and 94.27% over the past three months. TMC shares are trading 172.32% year to date (YTD), with the 12-month market performance up to 83.73% higher. It has a 12-month low price of $0.72 and touched a high of $3.80 over the same period. TMC has an average intraday trading volume of 5.51 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 34.54%, 51.42%, and 129.42% respectively.
Institutional ownership of TMC the metals company Inc (NASDAQ: TMC) shares accounts for 9.17% of the company’s 340.71M shares outstanding.
It has a market capitalization of $1.09B and a beta (3y monthly) value of 1.14. The earnings-per-share (ttm) stands at -$0.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 24.58% over the week and 19.52% over the month.
Earnings per share for the fiscal year are expected to increase by 48.00%, and 0.00% over the next financial year.
Looking at the support for the TMC, a number of firms have released research notes about the stock. Alliance Global Partners stated their Buy rating for the stock in a research note on January 15, 2025, with the firm’s price target at $3.75. Cantor Fitzgerald coverage for the TMC the metals company Inc (TMC) stock in a research note released on November 13, 2023 offered a Buy rating with a price target of $4.20. Wedbush was of a view on November 24, 2021 that the stock is Neutral, while Piper Sandler gave the stock Neutral rating on November 12, 2021, issuing a price target of $3. The Benchmark Company on their part issued Hold rating on November 11, 2021.
