TMC the metals company Inc (NASDAQ: TMC)’s stock price has plunge by -4.93relation to previous closing price of 1.52. Nevertheless, the company has seen a -4.30% plunge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-05-06 that NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) — The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Monday, May 13, 2024, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2024 Conference Call Details Date: Monday, May 13, 2024 Time: 4:30 p.m.
Is It Worth Investing in TMC the metals company Inc (NASDAQ: TMC) Right Now?
Company’s 36-month beta value is 1.73.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for TMC is 110.78M, and currently, short sellers hold a 8.90% ratio of that floaft. The average trading volume of TMC on May 08, 2024 was 1.93M shares.
TMC’s Market Performance
TMC stock saw a decrease of -4.30% in the past week, with a monthly decline of -15.50% and a quarterly a decrease of 12.89%. The volatility ratio for the week is 5.05%, and the volatility levels for the last 30 days are 7.12% for TMC the metals company Inc (TMC). The simple moving average for the past 20 days is -11.84% for TMC’s stock, with a 13.57% simple moving average for the past 200 days.
Analysts’ Opinion of TMC
Many brokerage firms have already submitted their reports for TMC stocks, with Cantor Fitzgerald repeating the rating for TMC by listing it as a “Buy.” The predicted price for TMC in the upcoming period, according to Cantor Fitzgerald is $4.20 based on the research report published on November 13, 2023 of the previous year 2023.
Wedbush, on the other hand, stated in their research note that they expect to see TMC reach a price target of $5. The rating they have provided for TMC stocks is “Neutral” according to the report published on November 24th, 2021.
Piper Sandler gave a rating of “Neutral” to TMC, setting the target price at $3 in the report published on November 12th of the previous year.
TMC Trading at -9.60% from the 50-Day Moving Average
After a stumble in the market that brought TMC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.84% of loss for the given period.
Volatility was left at 7.12%, however, over the last 30 days, the volatility rate increased by 5.05%, as shares sank -22.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.47% upper at present.
During the last 5 trading sessions, TMC fell by -4.30%, which changed the moving average for the period of 200-days by +4.71% in comparison to the 20-day moving average, which settled at $1.6178. In addition, TMC the metals company Inc saw 31.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TMC starting from O’Sullivan Anthony, who sale 50,000 shares at the price of $1.33 back on Mar 28 ’24. After this action, O’Sullivan Anthony now owns 946,829 shares of TMC the metals company Inc, valued at $66,740 using the latest closing price.
Shesky Craig, the Chief Financial Officer of TMC the metals company Inc, sale 233,424 shares at $1.61 during a trade that took place back on Mar 22 ’24, which means that Shesky Craig is holding 947,242 shares at $375,509 based on the most recent closing price.
Stock Fundamentals for TMC
The total capital return value is set at -2.05. Equity return is now at value -281.48, with -90.16 for asset returns.
Based on TMC the metals company Inc (TMC), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -4.26. The debt to equity ratio resting at 1.28. The interest coverage ratio of the stock is -98.59.
Currently, EBITDA for the company is -72.03 million with net debt to EBITDA at -0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.28.
Conclusion
In a nutshell, TMC the metals company Inc (TMC) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
