Investor Confidence Declines As TMC the metals company Inc (NASDAQ: TMC) Shares Lose -$0.26

In the last trading session, 3.69 million TMC the metals company Inc (NASDAQ:TMC) shares changed hands as the company’s beta touched 1.54. With the company’s per share price at $1.96 changed hands at -$0.26 or -11.71% during last session, the market valuation stood at $674.56M. TMC’s last price was a discount, traded about -30.1% off its 52-week high of $2.55. The share price had its 52-week low at $0.72, which suggests the last value was 63.27% up since then.

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

Instantly TMC was in red as seen at the end of in last trading. With action 5.38%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 75.00%, with the 5-day performance at 5.38% in the green. However, in the 30-day time frame, TMC the metals company Inc (NASDAQ:TMC) is 25.64% up.

TMC the metals company Inc (TMC) estimates and forecasts

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 2025 estimates are for TMC the metals company Inc earnings to increase by 16.51%, but the outlook for the next 5-year period is at 21.66% per year.

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

BAIRD FINANCIAL GROUP, INC. holds the second largest percentage of outstanding shares, with 0.7098% or 2.28 million shares worth $3.07 million as of 2024-06-30.

Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify Lithium & Battery Technology ETF and SPDR Portfolio Developed World ex-US ETF. With 472.02 shares estimated at $0.93 million under it, the former controlled 0.15% of total outstanding shares. On the other hand, SPDR Portfolio Developed World ex-US ETF held about 0.07% of the shares, roughly 218.26 shares worth around $0.43 million.