The stock price of TMC the metals company Inc (NASDAQ: TMC) has plunged by -0.73 when compared to previous closing price of 0.80, but the company has seen a -0.36% decline in its stock price over the last five trading sessions. accesswire.com reported 2024-12-18 that LOS ANGELES, CA / ACCESSWIRE / December 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. (“TMC” or “the Company”) (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company’s securities between May 12, 2023 and March 25, 2024, inclusive (the “Class Period”), are encouraged to contact the firm before January 7, 2025.
Is It Worth Investing in TMC the metals company Inc (NASDAQ: TMC) Right Now?
The 36-month beta value for TMC is also noteworthy at 1.62. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TMC is 141.52M, and at present, short sellers hold a 6.27% of that float. The average trading volume of TMC on December 18, 2024 was 961.27K shares.
TMC’s Market Performance
The stock of TMC the metals company Inc (TMC) has seen a -0.36% decrease in the past week, with a -16.77% drop in the past month, and a -22.63% fall in the past quarter. The volatility ratio for the week is 4.62%, and the volatility levels for the past 30 days are at 7.25% for TMC. The simple moving average for the past 20 days is -5.56% for TMC’s stock, with a -35.78% 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 -14.45% 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 -61.50% of loss for the given period.
Volatility was left at 7.25%, however, over the last 30 days, the volatility rate increased by 4.62%, as shares sank -13.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.45% lower at present.
During the last 5 trading sessions, TMC fell by -0.80%, which changed the moving average for the period of 200-days by -44.52% in comparison to the 20-day moving average, which settled at $0.8436. In addition, TMC the metals company Inc saw -27.55% 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 Shesky Craig, who sale 47,523 shares at the price of $0.85 back on Nov 27 ’24. After this action, Shesky Craig now owns 977,844 shares of TMC the metals company Inc, valued at $40,185 using the latest closing price.
Shesky Craig, the Officer of TMC the metals company Inc, proposed sale 47,523 shares at $0.85 during a trade that took place back on Nov 27 ’24, which means that Shesky Craig is holding shares at $40,186 based on the most recent closing price.
Stock Fundamentals for TMC
Current profitability levels for the company are sitting at:
- -4.87 for the present operating margin
- -1.0 for the gross margin
The net margin for TMC the metals company Inc stands at -5.6. The total capital return value is set at -1.88. Equity return is now at value -667.42, with -151.92 for asset returns.
Based on TMC the metals company Inc (TMC), the company’s capital structure generated -0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -4.89. The debt to equity ratio resting at -0.43. The interest coverage ratio of the stock is -96.75.
Currently, EBITDA for the company is -73.38 million with net debt to EBITDA at -0.09. When we switch over and look at the enterprise to sales, we see a ratio of 13.98. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In summary, TMC the metals company Inc (TMC) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
