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TMC the metals company Inc (NASDAQ: TMC) closed the day trading at $1.00 up 0.53% from the previous closing price of $0.99. In other words, the price has increased by $0.53 from its previous closing price. On the day, 0.57 million shares were traded. TMC stock price reached its highest trading level at $1.02 during the session, while it also had its lowest trading level at $0.975.
Ratios:
For a better understanding of TMC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.04 and its Current Ratio is at 0.04.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 31 ’24 when O’Sullivan Anthony sold 50,000 shares for $1.48 per share. The transaction valued at 74,110 led to the insider holds 746,829 shares of the business.
O’Sullivan Anthony sold 25,000 shares of TMC for $38,395 on May 29 ’24. The Chief Development Officer now owns 821,829 shares after completing the transaction at $1.54 per share. On May 30 ’24, another insider, O’Sullivan Anthony, who serves as the Chief Development Officer of the company, sold 25,000 shares for $1.49 each. As a result, the insider received 37,288 and left with 796,829 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 323992992 and an Enterprise Value of 329394016.
Stock Price History:
Over the past 52 weeks, TMC has reached a high of $2.07, while it has fallen to a 52-week low of $0.80. The 50-Day Moving Average of the stock is -1.16%, while the 200-Day Moving Average is calculated to be -24.61%.
Shares Statistics:
Over the past 3-months, TMC traded about 870.71K shares per day on average, while over the past 10 days, TMC traded about 466210 shares per day. A total of 306.56M shares are outstanding, with a floating share count of 121.33M. Insiders hold about 62.55% of the company’s shares, while institutions hold 5.51% stake in the company. Shares short for TMC as of 1727654400 were 9916466 with a Short Ratio of 11.39, compared to 1724976000 on 9273654. Therefore, it implies a Short% of Shares Outstanding of 9916466 and a Short% of Float of 5.390000000000001.
