Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $1.69 in the prior trading day, TMC the metals company Inc (NASDAQ: TMC) closed at $1.61, down -4.73%. In other words, the price has decreased by -$4.73 from its previous closing price. On the day, 1.26 million shares were traded. TMC stock price reached its highest trading level at $1.67 during the session, while it also had its lowest trading level at $1.595.
Ratios:
Our goal is to gain a better understanding of TMC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.28 and its Current Ratio is at 0.28. In the meantime, Its Debt-to-Equity ratio is 1.28 whereas as Long-Term Debt/Eq ratio is at 1.28.
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 Mar 28 ’24 when O’Sullivan Anthony sold 50,000 shares for $1.33 per share. The transaction valued at 66,740 led to the insider holds 946,829 shares of the business.
Shesky Craig sold 233,424 shares of TMC for $375,509 on Mar 22 ’24. The Chief Financial Officer now owns 947,242 shares after completing the transaction at $1.61 per share. On Dec 22 ’23, another insider, Stone Gregory, who serves as the Chief Ocean Scientist of the company, sold 25,000 shares for $1.10 each. As a result, the insider received 27,392 and left with 320,876 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 512775360 and an Enterprise Value of 505540288.
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 6.28%, while the 200-Day Moving Average is calculated to be 22.67%.
Shares Statistics:
The stock has traded on average 1.90M shares per day over the past 3-months and 1845590 shares per day over the last 10 days, according to various share statistics. A total of 306.56M shares are outstanding, with a floating share count of 119.14M. Insiders hold about 63.35% of the company’s shares, while institutions hold 4.31% stake in the company. Shares short for TMC as of 1711584000 were 9276005 with a Short Ratio of 4.89, compared to 1709164800 on 7991656. Therefore, it implies a Short% of Shares Outstanding of 9276005 and a Short% of Float of 4.16.
Earnings Estimates
The current assessment of TMC the metals company Inc (TMC) involves the perspectives of AMC Entertainment Holdings, Inc analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $36.80, with high estimates of $228.72 and low estimates of $202.41.
