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After finishing at $0.88 in the prior trading day, TMC the metals company Inc (NASDAQ: TMC) closed at $0.92, up 3.97%. In other words, the price has increased by $3.97 from its previous closing price. On the day, 1.0 million shares were traded. TMC stock price reached its highest trading level at $0.93 during the session, while it also had its lowest trading level at $0.89.
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 0.05 and its Current Ratio is at 0.05.
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 Nov 19 ’24 when Hall Andrew sold 66,000 shares for $0.93 per share. The transaction valued at 61,538 led to the insider holds 182,966 shares of the business.
O’Sullivan Anthony sold 50,000 shares of TMC for $74,110 on May 31 ’24. The Chief Development Officer now owns 746,829 shares after completing the transaction at $1.48 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 297511328 and an Enterprise Value of 327774048.
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 -8.45%, while the 200-Day Moving Average is calculated to be -28.33%.
Shares Statistics:
The stock has traded on average 852.32K shares per day over the past 3-months and 1901810 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 128.12M. Insiders hold about 62.55% of the company’s shares, while institutions hold 5.16% stake in the company. Shares short for TMC as of 1730332800 were 10682752 with a Short Ratio of 12.53, compared to 1727654400 on 9916466. Therefore, it implies a Short% of Shares Outstanding of 10682752 and a Short% of Float of 5.81.
