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The closing price of TMC the metals company Inc (NASDAQ: TMC) was $1.50 for the day, up 0.67% from the previous closing price of $1.49. In other words, the price has increased by $0.67 from its previous closing price. On the day, 0.55 million shares were traded. TMC stock price reached its highest trading level at $1.53 during the session, while it also had its lowest trading level at $1.475.
Ratios:
Our analysis of TMC’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 477741024 and an Enterprise Value of 470532832.
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 -5.26%, while the 200-Day Moving Average is calculated to be 17.42%.
Shares Statistics:
TMC traded an average of 1.98M shares per day over the past three months and 1203980 shares per day over the past ten days. A total of 306.56M shares are outstanding, with a floating share count of 119.23M. Insiders hold about 62.57% of the company’s shares, while institutions hold 4.33% stake in the company. Shares short for TMC as of 1713139200 were 9860762 with a Short Ratio of 4.98, compared to 1710460800 on 7869998. Therefore, it implies a Short% of Shares Outstanding of 9860762 and a Short% of Float of 5.53.
