TMC the metals company Inc (NASDAQ: TMC)’s stock price has plunge by -4.60relation to previous closing price of 1.30. Nevertheless, the company has seen a -14.73% plunge in its stock price over the last five trading sessions. investorplace.com reported 2024-06-27 that Penny stocks on the dip are infamous for their high risk, often marked by low trading volumes, minimal pricing and shaky fundamental and financial conditions. These elements make their price movements far more volatile than their large-cap counterparts.
Is It Worth Investing in TMC the metals company Inc (NASDAQ: TMC) Right Now?
Company’s 36-month beta value is 1.68.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.”
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The public float for TMC is 117.85M, and currently, short sellers hold a 8.45% ratio of that floaft. The average trading volume of TMC on July 23, 2024 was 1.12M shares.
TMC’s Market Performance
TMC stock saw a decrease of -14.73% in the past week, with a monthly decline of -11.70% and a quarterly a decrease of -24.09%. The volatility ratio for the week is 5.84%, and the volatility levels for the last 30 days are 5.61% for TMC the metals company Inc (TMC). The simple moving average for the past 20 days is -11.72% for TMC’s stock, with a -6.38% 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 -13.52% 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 -39.86% of loss for the given period.
Volatility was left at 5.61%, however, over the last 30 days, the volatility rate increased by 5.84%, as shares sank -11.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.31% lower at present.
During the last 5 trading sessions, TMC fell by -13.63%, which changed the moving average for the period of 200-days by +33.44% in comparison to the 20-day moving average, which settled at $1.4023. In addition, TMC the metals company Inc saw 13.18% 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 a nutshell, TMC the metals company Inc (TMC) has experienced a bad 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.
