The stock price of TMC the metals company Inc (NASDAQ: TMC) has dropped by -0.51 compared to previous close of 1.00. Despite this, the company has seen a fall of -1.50% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-17 that The Metals Company has large potential in deep-sea mining of polymetallic nodules, which is crucial for the electrification transition, with minimal environmental impact compared to traditional mining. TMC’s NORI-D field alone has a net present value of more than $8 billion, with total potential revenue from all fields estimated at $500 billion. The anticipated ISA approval could enable TMC to start collection by 2026, but regulatory uncertainty remains.
Is It Worth Investing in TMC the metals company Inc (NASDAQ: TMC) Right Now?
Moreover, the 36-month beta value for TMC is 1.69. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for TMC is 121.33M and currently, short sellers hold a 8.17% of that float. On October 22, 2024, TMC’s average trading volume was 841.83K shares.
TMC’s Market Performance
The stock of TMC the metals company Inc (TMC) has seen a -1.50% decrease in the past week, with a -5.25% drop in the past month, and a -11.17% fall in the past quarter. The volatility ratio for the week is 2.93%, and the volatility levels for the past 30 days are at 4.07% for TMC. The simple moving average for the past 20 days is -3.17% for TMC’s stock, with a -24.78% 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 -1.68% 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 -51.94% of loss for the given period.
Volatility was left at 4.07%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares sank -3.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.54% upper at present.
During the last 5 trading sessions, TMC fell by -2.03%, which changed the moving average for the period of 200-days by -24.47% in comparison to the 20-day moving average, which settled at $1.0272. In addition, TMC the metals company Inc saw -9.55% in overturn over a single year, with a tendency to cut further losses.
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 $1.54 during a trade that took place back on May 29 ’24, which means that O’Sullivan Anthony is holding 821,829 shares at $38,395 based on the most recent closing price.
Stock Fundamentals for TMC
The total capital return value is set at -5.61. Equity return is now at value -609.84, with -154.69 for asset returns.
Based on TMC the metals company Inc (TMC), the company’s capital structure generated 1.94 points at debt to capital in total, while cash flow to debt ratio is standing at -2.6. The debt to equity ratio resting at -2.07. The interest coverage ratio of the stock is -75.27.
Currently, EBITDA for the company is -72.03 million with net debt to EBITDA at -0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.04.
Conclusion
To wrap up, the performance of TMC the metals company Inc (TMC) has been bad in recent times. The stock has received a mixed of “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.
