Market Watch Highlights: TMC the metals company Inc (TMC) Ends on an Downturn Note at 0.93

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As of close of business last night, TMC the metals company Inc’s stock clocked out at $0.93, down -2.58% from its previous closing price of $0.95. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 0.61 million shares were traded. TMC stock price reached its highest trading level at $0.98 during the session, while it also had its lowest trading level at $0.9.

Ratios:

To gain a deeper understanding of TMC’s stock, we examine 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:

Investing in insider trades can also provide an investor with insight into how management views future 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 $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 303376192 and an Enterprise Value of 305515744.

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 -20.38%, while the 200-Day Moving Average is calculated to be -31.19%.

Shares Statistics:

It appears that TMC traded 1.02M shares on average per day over the past three months and 783090 shares per day over the past ten days. A total of 306.56M shares are outstanding, with a floating share count of 119.13M. Insiders hold about 63.23% of the company’s shares, while institutions hold 5.51% stake in the company. Shares short for TMC as of 1723680000 were 9712144 with a Short Ratio of 9.56, compared to 1721001600 on 9354885. Therefore, it implies a Short% of Shares Outstanding of 9712144 and a Short% of Float of 5.2800003.

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