The stock of TMC the metals company Inc (TMC) has gone down by -4.39% for the week, with a -8.71% drop in the past month and a 5.20% rise in the past quarter. The volatility ratio for the week is 3.77%, and the volatility levels for the past 30 days are 4.56% for TMC. The simple moving average for the past 20 days is -2.41% for TMC’s stock, with a 8.78% simple moving average for the past 200 days.
Is It Worth Investing in TMC the metals company Inc (NASDAQ: TMC) Right Now?
Additionally, the 36-month beta value for TMC is 1.69. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for TMC is 117.85M and currently, short sellers hold a 8.45% ratio of that float. The average trading volume of TMC on June 26, 2024 was 1.51M shares.
TMC) stock’s latest price update
TMC the metals company Inc (NASDAQ: TMC)’s stock price has soared by 1.07 in relation to previous closing price of 1.40. Nevertheless, the company has seen a loss of -4.39% in its stock price over the last five trading days. investorplace.com reported 2024-06-21 that Penny stocks to buy now are notorious for their high risk, often characterized by low trading volumes, minimal pricing and precarious fundamental and financial standings. These factors combine to make their price movements more volatile than those of larger-cap cousins.
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 -6.03% 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 -55.78% of loss for the given period.
Volatility was left at 4.56%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares sank -7.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.63% lower at present.
During the last 5 trading sessions, TMC fell by -3.72%, which changed the moving average for the period of 200-days by +19.75% in comparison to the 20-day moving average, which settled at $1.4442. In addition, TMC the metals company Inc saw 28.64% 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 $1.48 back on May 31 ’24. After this action, O’Sullivan Anthony now owns 746,829 shares of TMC the metals company Inc, valued at $74,110 using the latest closing price.
O’Sullivan Anthony, the Chief Development Officer of TMC the metals company Inc, sale 25,000 shares at $1.49 during a trade that took place back on May 30 ’24, which means that O’Sullivan Anthony is holding 796,829 shares at $37,288 based on the most recent closing price.
Stock Fundamentals for TMC
The total capital return value is set at -3.05. Equity return is now at value -345.10, with -131.31 for asset returns.
Based on TMC the metals company Inc (TMC), the company’s capital structure generated 0.89 points at debt to capital in total, while cash flow to debt ratio is standing at -3.43. The debt to equity ratio resting at 7.73. The interest coverage ratio of the stock is -86.15.
Currently, EBITDA for the company is -72.03 million with net debt to EBITDA at -0.11. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
Conclusion
In conclusion, TMC the metals company Inc (TMC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
