Could TMC the metals company Inc (NASDAQ: TMC) Be A Life-Changing Stock?

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In the last trading session, 1.77 million shares of the TMC the metals company Inc (NASDAQ:TMC) were traded, and its beta was 1.61. Most recently the company’s share price was $0.80, and it changed around -$0.05 or -6.77% from the last close, which brings the market valuation of the company to $273.92M. TMC currently trades at a discount to its 52-week high of $2.07, offering almost -158.75% off that amount. The share price’s 52-week low was $0.78, which indicates that the current value has risen by an impressive 2.5% since then. We note from TMC the metals company Inc’s average daily trading volume that its 10-day average is 1.36 million shares, with the 3-month average coming to 957.47K.

TMC the metals company Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended TMC as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. TMC the metals company Inc is expected to report earnings per share of -0.06 for the current quarter.

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

Instantly TMC has showed a red trend with a performance of -6.77% 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 0.9500 on recent trading dayincreased the stock’s daily price by 15.79%. The company’s shares are currently down -27.65% year-to-date, but still down -10.57% over the last five days. On the other hand, TMC the metals company Inc (NASDAQ:TMC) is -18.58% down in the 30-day period. We can see from the shorts that 10.68 million shares have been sold at a short interest cover period of 21.46 day(s).

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 -42.33 percent over the past six months and at a 15.38% annual growth rate that is well above the industry average of 9.40%.

Forecasts for the next quarter put sales growth at 0.00%.

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

TMC Dividends

TMC the metals company Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 52.18% of TMC the metals company Inc shares, and 5.74% of them are in the hands of institutional investors. The stock currently has a share float of 11.99%. TMC the metals company Inc stock is held by 97.0 institutions, with FIRST MANHATTAN CO. LLC. being the largest institutional investor. By 2024-06-30, it held 2.4405% of the shares, which is about 7.6 million shares worth $10.26 million.

BAIRD FINANCIAL GROUP, INC., with 0.7311% or 2.28 million shares worth $3.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.