In the latest session, TMC the metals company Inc (NASDAQ: TMC) closed at $1.75 up 12.90% from its previous closing price of $1.55. In other words, the price has increased by $+0.2000 from its previous closing price. On the day, 9469545 shares were traded.
Ratios:
For a deeper understanding of TMC the metals company Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 1.44. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Cantor Fitzgerald on November 13, 2023, initiated with a Buy rating and assigned the stock a target price of $4.20.
On November 24, 2021, Wedbush started tracking the stock assigning a Neutral rating and target price of $5.
On November 12, 2021, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $3.Piper Sandler initiated its Neutral rating on November 12, 2021, with a $3 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 27 ’23 when O’Sullivan Anthony sold 50,000 shares for $1.38 per share. The transaction valued at 69,000 led to the insider holds 385,110 shares of the business.
Shesky Craig sold 31,057 shares of TMC for $39,036 on Nov 27 ’23. The Chief Financial Officer now owns 779,641 shares after completing the transaction at $1.26 per share. On Nov 20 ’23, another insider, Stone Gregory, who serves as the Chief Ocean Scientist of the company, sold 25,000 shares for $1.06 each. As a result, the insider received 26,425 and left with 385,365 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TMC now has a Market Capitalization of 536.14M and an Enterprise Value of 513.59M.
Stock Price History:
Over the past 52 weeks, TMC has reached a high of $3.20, while it has fallen to a 52-week low of $0.65. The 50-Day Moving Average of the stock is 1.3339, while the 200-Day Moving Average is calculated to be 1.2401.
Shares Statistics:
For the past three months, TMC has traded an average of 1.34M shares per day and 2.5M over the past ten days. A total of 266.81M shares are outstanding, with a floating share count of 109.72M. Insiders hold about 64.19% of the company’s shares, while institutions hold 4.47% stake in the company. Shares short for TMC as of Feb 29, 2024 were 7.99M with a Short Ratio of 5.97, compared to 9.05M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.61% and a Short% of Float of 3.79%.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.16, while EPS last year was -$0.17. The consensus estimate for the next quarter is -$0.15, with high estimates of -$0.15 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.06 and -$0.36 for the fiscal current year, implying an average EPS of -$0.25. EPS for the following year is -$0.23, with 3 analysts recommending between -$0.03 and -$0.51.
