During the last session, TMC the metals company Inc (NASDAQ:TMC)’s traded shares were 46.83 million, with the beta value of the company hitting 1.46. At the end of the trading day, the stock’s price was $6.75, reflecting an intraday gain of 24.08% or $1.31. The 52-week high for the TMC share is $5.81, that puts it up 13.93 from that peak though still a striking 89.33% gain since the share price plummeted to a 52-week low of $0.72. The company’s market capitalization is $2.50B, and the average intraday trading volume over the past 10 days was 12.78 million shares, and the average trade volume was 9.59 million shares over the past three months.
TMC the metals company Inc (NASDAQ:TMC) trade information
TMC the metals company Inc (TMC) registered a 24.08% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 24.08% in intraday trading to $6.75, hitting a weekly high. The stock’s 5-day price performance is 55.53%, and it has moved by 51.69% in 30 days. Based on these gigs, the overall price performance for the year is 356.08%. The short interest in TMC the metals company Inc (NASDAQ:TMC) is 17.58 million shares and it means that shorts have 1.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.25, which implies a decrease of -8.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.25 and $6.25 respectively. As a result, TMC is trading at a premium of 7.41% off the target high and 7.41% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -317.80%. While earnings are projected to return 21.91% in 2025.
TMC Dividends
TMC the metals company Inc is due to release its next quarterly earnings on 2025-May-14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
TMC the metals company Inc (NASDAQ:TMC)’s Major holders
TMC the metals company Inc insiders own 45.67% of total outstanding shares while institutional holders control 10.07%, with the float percentage being 18.54%. FIRST MANHATTAN CO. LLC. is the largest shareholder of the company, while 117.0 institutions own stock in it. As of 2024-06-30, the company held over 7.6 million shares (or 2.3693% of all shares), a total value of $10.26 million in shares.
The next largest institutional holding, with 2.28 million shares, is of BAIRD FINANCIAL GROUP, INC.’s that is approximately 0.7098% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $3.07 million.
