Now Is A Good Time To Buy TMC the metals company Inc (NASDAQ: TMC)

During the last session, TMC the metals company Inc (NASDAQ:TMC)’s traded shares were 0.38 million, with the beta value of the company hitting 1.68. The 52-week high for the TMC share is $2.07, that puts it down -100.97 from that peak though still a striking 22.33% gain since the share price plummeted to a 52-week low of $0.80. The company’s market capitalization is $333.71M, and the average intraday trading volume over the past 10 days was 1.01 million shares, and the average trade volume was 1.02 million shares over the past three months.

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

The stock’s 5-day price performance is 9.57%, and it has moved by -4.63% in 30 days. Based on these gigs, the overall price performance for the year is -3.74%. The short interest in TMC the metals company Inc (NASDAQ:TMC) is 9.27 million shares and it means that shorts have 10.63 day(s) to cover.

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TMC the metals company Inc (TMC) estimates and forecasts

Statistics show that TMC the metals company Inc has underperformed its competitors in share price, compared to the industry in which it operates. TMC the metals company Inc (TMC) shares have gone down -41.48% during the last six months, with a year-to-date growth rate less than the industry average at 19.23% against 20.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -50.00% this quarter and then jump 70.60% in the quarter after that.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -497.91%. While earnings are projected to return 34.62% in 2024.

TMC Dividends

TMC the metals company Inc is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

TMC the metals company Inc insiders own 52.18% of total outstanding shares while institutional holders control 5.62%, with the float percentage being 11.75%. FIRST MANHATTAN CO. LLC. is the largest shareholder of the company, while 98.0 institutions own stock in it. As of 2024-06-30, the company held over 7.6 million shares (or 2.4405% of all shares), a total value of $10.26 million in shares.

The next largest institutional holding, with 2.28 million shares, is of BAIRD FINANCIAL GROUP, INC.’s that is approximately 0.7311% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.07 million.