Now Is The Time To Build A Position In TMC the metals company Inc (NASDAQ:TMC)

In the latest trading session, 0.58 million TMC the metals company Inc (NASDAQ:TMC) shares changed hands as the company’s beta touched 1.60. With the company’s most recent per share price at $0.86 changing hands around $0.01 or 1.04% at last look, the market valuation stands at $295.57M. TMC’s current price is a discount, trading about -140.7% off its 52-week high of $2.07. The share price had its 52-week low at $0.72, which suggests the last value was 16.28% up since then. When we look at TMC the metals company Inc’s average trading volume, we note the 10-day average is 1.78 million shares, with the 3-month average coming to 1.08 million.

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

Instantly TMC is in green as seen in intraday trades today. With action 6.98%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.93%, with the 5-day performance at 6.98% in the green. However, in the 30-day time frame, TMC the metals company Inc (NASDAQ:TMC) is -6.40% down. Looking at the short shares, we see there were 10.68 million shares sold at short interest cover period of 21.46 days.

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TMC the metals company Inc (TMC) estimates and forecasts

Data shows that the TMC the metals company Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.66% over the past 6 months, a 15.38% in annual growth rate that is considerably higher than the industry average of 8.20%.

According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 0.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -497.91%. The 2024 estimates are for TMC the metals company Inc earnings to increase by 32.27%.

TMC Dividends

TMC the metals company Inc is expected to release its next quarterly earnings report in January.

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

If we look at who the major shareholders are, we find that insiders hold 52.18% of TMC the metals company Inc shares while 5.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 11.99%. There are 5.74% institutions holding the TMC the metals company Inc stock share, with FIRST MANHATTAN CO. LLC. the top institutional holder. As of 2024-06-30, the company held 2.4405% of the shares, roughly 7.6 million TMC shares worth $10.26 million.

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