Deeper Dive: Understanding TMC the metals company Inc (TMC) Through its Various Ratios

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The price of TMC the metals company Inc (NASDAQ: TMC) closed at $1.47 in the last session, down -0.68% from day before closing price of $1.48. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 1.53 million shares were traded. TMC stock price reached its highest trading level at $1.55 during the session, while it also had its lowest trading level at $1.44.

Ratios:

We take a closer look at TMC’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.16 and its Current Ratio is at 0.16. In the meantime, Its Debt-to-Equity ratio is 7.73 whereas as Long-Term Debt/Eq ratio is at 7.73.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 $37,288 on May 30 ’24. The Chief Development Officer now owns 796,829 shares after completing the transaction at $1.49 per share. On May 29 ’24, another insider, O’Sullivan Anthony, who serves as the Chief Development Officer of the company, sold 25,000 shares for $1.54 each. As a result, the insider received 38,395 and left with 821,829 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 471149728 and an Enterprise Value of 467158720.

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 -6.54%, while the 200-Day Moving Average is calculated to be 14.40%.

Shares Statistics:

According to the various share statistics, TMC traded on average about 1.98M shares per day over the past 3-months and 1246910 shares per day over the past 10 days. A total of 306.56M shares are outstanding, with a floating share count of 117.98M. Insiders hold about 63.19% of the company’s shares, while institutions hold 4.69% stake in the company. Shares short for TMC as of 1715731200 were 9170514 with a Short Ratio of 4.63, compared to 1713139200 on 9860762. Therefore, it implies a Short% of Shares Outstanding of 9170514 and a Short% of Float of 5.08.

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