TMC the metals company Inc (NASDAQ:TMC) Stock Ripped -22.73% Year-To-Date, What Will Happen Next?

In last trading session, TMC the metals company Inc (NASDAQ:TMC) saw 0.51 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $0.85 trading at $0.01 or 1.08% at ring of the bell on the day assigns it a market valuation of $292.54M. That closing price of TMC’s stock is at a discount of -143.53% from its 52-week high price of $2.07 and is indicating a premium of 5.88% from its 52-week low price of $0.80. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.88 million shares which gives us an average trading volume of 891.21K if we extend that period to 3-months.

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

Upright in the green during last session for gaining 1.08%, in the last five days TMC remained trading in the red while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $0.85 price level, adding 10.34% to its value on the day. TMC the metals company Inc’s shares saw a change of -22.73% in year-to-date performance and have moved -3.68% in past 5-day. TMC the metals company Inc (NASDAQ:TMC) showed a performance of -12.81% in past 30-days. Number of shares sold short was 10.68 million shares which calculate 21.46 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 -42.18% of value to its shares in past 6 months, showing an annual growth rate of 15.38% while that of industry is 10.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -497.91% during past 5 years.

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

Insiders are in possession of 52.18% of company’s total shares while institution are holding 5.74 percent of that, with stock having share float percentage of 11.99%. Investors also watch the number of corporate investors in a company very closely, which is 5.74% institutions for TMC the metals company Inc that are currently holding shares of the company. FIRST MANHATTAN CO. LLC. is the top institutional holder at TMC for having 7.6 million shares of worth $10.26 million. And as of 2024-06-30, it was holding 2.4405 of the company’s outstanding shares.

The second largest institutional holder is BAIRD FINANCIAL GROUP, INC., which was holding about 2.28 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.7311 of outstanding shares, having a total worth of $3.07 million.

On the other hand, Amplify Lithium & Battery Technology ETF and SPDR Portfolio Developed World ex-US ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 472.02 shares of worth $0.4 million or 0.15% of the total outstanding shares. The later fund manager was in possession of 214.15 shares on Sep 30, 2024 , making its stake of worth around $0.18 million in the company or a holder of 0.07% of company’s stock.