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TMC the metals company Inc. (NASDAQ:TMC): -775.89% Off High, Can It Comeback?

In last trading session, TMC the metals company Inc. (NASDAQ:TMC) saw 1.94 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $1.12 trading at -$0.12 or -9.68% at ring of the bell on the day assigns it a market valuation of $211.64M. That closing price of TMC’s stock is at a discount of -775.89% from its 52-week high price of $9.81 and is indicating a premium of 29.46% from its 52-week low price of $0.79. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.46 million shares which gives us an average trading volume of 2.21 million if we extend that period to 3-months.

TMC the metals company Inc. (NASDAQ:TMC) trade information

Upright in the red during last session for losing -9.68%, in the last five days TMC remained trading in the green while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $1.12 price level, adding 17.04% to its value on the day. TMC the metals company Inc.’s shares saw a change of -46.15% in year-to-date performance and have moved 12.00% in past 5-day. TMC the metals company Inc. (NASDAQ:TMC) showed a performance of 30.23% in past 30-days. Number of shares sold short was 3.6 million shares which calculate 3.37 days to cover the short interests.

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TMC the metals company Inc. (TMC) estimates and forecasts

Statistics highlight that TMC the metals company Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -48.86% of value to its shares in past 6 months, showing an annual growth rate of 69.57% while that of industry is 17.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022.

TMC Dividends

TMC the metals company Inc. is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

TMC the metals company Inc. (NASDAQ:TMC)’s Major holders

Insiders are in possession of 45.95% of company’s total shares while institution are holding 5.09 percent of that, with stock having share float percentage of 9.42%. Investors also watch the number of corporate investors in a company very closely, which is 5.09% institutions for TMC the metals company Inc. that are currently holding shares of the company. Millennium Management LLC is the top institutional holder at TMC for having 1.78 million shares of worth $4.62 million. And as of Mar 30, 2022, it was holding 0.79% of the company’s outstanding shares.

The second largest institutional holder is Baird Financial Group, Inc., which was holding about 1.2 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 0.53% of outstanding shares, having a total worth of $3.1 million.

On the other hand, Amplify Lithium & Battery Technology ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2022, the former fund manager was holding 0.76 million shares of worth $1.17 million or 0.34% of the total outstanding shares. The later fund manager was in possession of 0.12 million shares on May 30, 2022, making its stake of worth around $0.18 million in the company or a holder of 0.05% of company’s stock.

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