TMC the metals company Inc (NASDAQ:TMC) Is Up 20.54% Over The Past 30 Days: Could Trouble Be Ahead?

In last trading session, TMC the metals company Inc (NASDAQ:TMC) saw 0.56 million shares changing hands with its beta currently measuring 1.75. Company’s recent per share price level of $1.06 trading at -$0.01 or -0.93% at ring of the bell on the day assigns it a market valuation of $323.47M. That closing price of TMC’s stock is at a discount of -201.89% from its 52-week high price of $3.20 and is indicating a premium of 51.89% from its 52-week low price of $0.51. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.12 million shares which gives us an average trading volume of 1.07 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 -0.93%, in the last five days TMC remained trading in the green while hitting it’s week-highest on Wednesday, 11/15/23 when the stock touched $1.06 price level, adding 12.03% to its value on the day. TMC the metals company Inc’s shares saw a change of 37.66% in year-to-date performance and have moved 6.00% in past 5-day. TMC the metals company Inc (NASDAQ:TMC) showed a performance of 20.54% in past 30-days. Number of shares sold short was 9.1 million shares which calculate 14.61 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 added 45.25% of value to its shares in past 6 months, showing an annual growth rate of 50.00% while that of industry is 7.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023.

TMC Dividends

TMC the metals company Inc is more likely to be releasing its next quarterly report between November 13 and November 17 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 36.97% of company’s total shares while institution are holding 6.79 percent of that, with stock having share float percentage of 10.77%. Investors also watch the number of corporate investors in a company very closely, which is 6.79% institutions for TMC the metals company Inc that are currently holding shares of the company. First Manhattan Company is the top institutional holder at TMC for having 7.27 million shares of worth $7.7 million. And as of Sep 29, 2023, it was holding 2.38% of the company’s outstanding shares.

The second largest institutional holder is Baird Financial Group, Inc., which was holding about 1.79 million shares on Sep 29, 2023. The number of shares represents firm’s hold over 0.59% of outstanding shares, having a total worth of $1.9 million.

On the other hand, iShares MSCI Global Metals & Mining Producers ETF and Fidelity NASDAQ Composite Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2023, the former fund manager was holding 0.15 million shares of worth $0.15 million or 0.05% of the total outstanding shares. The later fund manager was in possession of 0.16 million shares on Aug 30, 2023, making its stake of worth around $0.17 million in the company or a holder of 0.05% of company’s stock.

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