TMC the metals company Inc’s Market Journey: Closing Strong at 0.85, Up 0.84

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The closing price of TMC the metals company Inc (NASDAQ: TMC) was $0.85 for the day, up 0.84% from the previous closing price of $0.84. In other words, the price has increased by $0.84 from its previous closing price. On the day, 0.51 million shares were traded. TMC stock price reached its highest trading level at $0.8831 during the session, while it also had its lowest trading level at $0.8355.

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 0.05 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:

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 Nov 27 ’24 when Shesky Craig sold 47,523 shares for $0.85 per share. The transaction valued at 40,185 led to the insider holds 977,844 shares of the business.

Shesky Craig bought 47,523 shares of TMC for $40,186 on Nov 27 ’24. On Nov 19 ’24, another insider, Hall Andrew, who serves as the Director of the company, sold 66,000 shares for $0.93 each. As a result, the insider received 61,538 and left with 182,966 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 274975040 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 -14.15%, while the 200-Day Moving Average is calculated to be -33.36%.

Shares Statistics:

TMC traded an average of 890.93K shares per day over the past three months and 1744400 shares per day over the past ten days. A total of 306.56M shares are outstanding, with a floating share count of 128.91M. Insiders hold about 62.51% of the company’s shares, while institutions hold 5.13% stake in the company. Shares short for TMC as of 1730332800 were 10682752 with a Short Ratio of 10.46, compared to 1727654400 on 9916466. Therefore, it implies a Short% of Shares Outstanding of 10682752 and a Short% of Float of 5.81.

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