TMC the metals company Inc (NASDAQ: TMC): Are We Watching A Disaster Or Are We Buying A Gold Mine?

In the last trading session, 1.89 million shares of the TMC the metals company Inc (NASDAQ:TMC) were traded, and its beta was 1.67. Most recently the company’s share price was $0.85, and it changed around -$0.18 or -17.74% from the last close, which brings the market valuation of the company to $271.56M. TMC currently trades at a discount to its 52-week high of $2.07, offering almost -143.53% off that amount. The share price’s 52-week low was $0.80, which indicates that the current value has risen by an impressive 5.88% since then. We note from TMC the metals company Inc’s average daily trading volume that its 10-day average is 1.35 million shares, with the 3-month average coming to 1.14 million.

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

Instantly TMC has showed a red trend with a performance of -17.74% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.1500 on recent trading dayincreased the stock’s daily price by 26.09%. The company’s shares are currently down -22.97% year-to-date, but still down -25.02% over the last five days. On the other hand, TMC the metals company Inc (NASDAQ:TMC) is -44.26% down in the 30-day period. We can see from the shorts that 9.35 million shares have been sold at a short interest cover period of 9.48 day(s).

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TMC the metals company Inc (TMC) estimates and forecasts

TMC the metals company Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -34.32 percent over the past six months and at a 19.23% annual growth rate that is well above the industry average of 18.90%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -497.91%.

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

Upon looking at major shareholders, it appears that insiders hold 53.09% of TMC the metals company Inc shares, and 4.94% of them are in the hands of institutional investors. The stock currently has a share float of 10.52%. TMC the metals company Inc stock is held by 96.0 institutions, with FIRST MANHATTAN CO. LLC. being the largest institutional investor. By 2024-03-31, it held 2.48% of the shares, which is about 7.6 million shares worth $10.87 million.

BAIRD FINANCIAL GROUP, INC., with 0.7504% or 2.3 million shares worth $3.29 million as of 2024-03-31, holds the second largest percentage of outstanding shares.