After finishing at $1.34 in the prior trading day, TMC the metals company Inc (NASDAQ: TMC) closed at $1.43, up 6.72%. In other words, the price has increased by $+0.0900 from its previous closing price. On the day, 2328557 shares were traded.
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 22 ’24 when Shesky Craig sold 233,424 shares for $1.61 per share. The transaction valued at 375,509 led to the insider holds 947,242 shares of the business.
Stone Gregory sold 25,000 shares of TMC for $27,392 on Dec 22 ’23. The Chief Ocean Scientist now owns 320,876 shares after completing the transaction at $1.10 per share. On Dec 04 ’23, another insider, Stone Gregory, who serves as the Chief Ocean Scientist of the company, sold 25,000 shares for $1.16 each. As a result, the insider received 29,060 and left with 345,876 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 455.10M and an Enterprise Value of 448.26M.
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 1.4085, while the 200-Day Moving Average is calculated to be 1.2930.
Shares Statistics:
The stock has traded on average 1.83M shares per day over the past 3-months and 2.44M 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 109.49M. Insiders hold about 65.60% of the company’s shares, while institutions hold 4.30% stake in the company. Shares short for TMC as of Mar 15, 2024 were 7.87M with a Short Ratio of 4.30, compared to 8.67M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.57% and a Short% of Float of 3.73%.
Earnings Estimates
Its stock is currently analyzed by 1 different market analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of -$0.05 and a low estimate of -$0.05, while EPS last year was $0. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.05 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.06 and -$0.23 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.01, with 3 analysts recommending between $0.17 and -$0.16.
