In today’s recent session, 0.46 million shares of the TMC the metals company Inc (NASDAQ:TMC) have been traded, and its beta is 1.44. Most recently the company’s share price was $1.82, and it changed around $0.0 or -0.27% from the last close, which brings the market valuation of the company to $624.66M. TMC at last check was trading at a discount to its 52-week high of $2.55, offering almost -40.11% off that amount. The share price’s 52-week low was $0.72, which indicates that the recent value has risen by an impressive 60.44% since then. We note from TMC the metals company Inc’s average daily trading volume that its 10-day average is 1.17 million shares, with the 3-month average coming to 2.92 million.
TMC the metals company Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.67. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended TMC as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. TMC the metals company Inc is expected to report earnings per share of -0.05 for the current quarter.
TMC the metals company Inc (NASDAQ:TMC) trade information
Instantly TMC has been showing red trend so far today with a performance of -0.27% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.9150 on recent trading dayincreased the stock’s daily price by 4.96%. The company’s shares are currently up 62.05% year-to-date, but still up 0.28% over the last five days. On the other hand, TMC the metals company Inc (NASDAQ:TMC) is -7.40% down in the 30-day period. We can see from the shorts that 10.84 million shares have been sold at a short interest cover period of 3.77 day(s).
TMC the metals company Inc (TMC) estimates and forecasts
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 the metals company Inc earnings are expected to increase by 16.51% in 2025, but the outlook is positive 21.66% per year for the next five years.
TMC the metals company Inc (NASDAQ:TMC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 49.05% of TMC the metals company Inc shares, and 9.63% of them are in the hands of institutional investors. The stock currently has a share float of 18.90%. TMC the metals company Inc stock is held by 96.0 institutions, with FIRST MANHATTAN CO. LLC. being the largest institutional investor. By 2024-06-30, it held 2.3693% of the shares, which is about 7.6 million shares worth $10.26 million.
BAIRD FINANCIAL GROUP, INC., with 0.7098% or 2.28 million shares worth $3.07 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Amplify Lithium & Battery Technology ETF and SPDR(R) Portfolio Developed World ex-US ETF were the top two Mutual Funds as of Dec 31, 2024. The former held 531.59 shares worth $0.96 million, making up 0.16% of all outstanding shares. On the other hand, SPDR(R) Portfolio Developed World ex-US ETF held roughly 284.24 shares worth around $0.51 million, which represents about 0.09% of the total shares outstanding.
