TMC the metals company Inc (NASDAQ: TMC)’s stock price has dropped by -13.20 in relation to previous closing price of 1.25. Nevertheless, the company has seen a loss of -1.36% in its stock price over the last five trading days. globenewswire.com reported 2025-01-06 that LOS ANGELES, Jan. 06, 2025 (GLOBE NEWSWIRE) — 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 at 1.48. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for TMC is 141.65M, and currently, shorts hold a 5.93% of that float. The average trading volume for TMC on January 06, 2025 was 1.35M shares.
TMC’s Market Performance
The stock of TMC the metals company Inc (TMC) has seen a -1.36% decrease in the past week, with a 20.29% rise in the past month, and a 2.36% gain in the past quarter. The volatility ratio for the week is 16.00%, and the volatility levels for the past 30 days are at 9.45% for TMC. The simple moving average for the past 20 days is 18.54% for TMC’s stock, with a -9.94% 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 16.77% 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 -47.58% of loss for the given period.
Volatility was left at 9.45%, however, over the last 30 days, the volatility rate increased by 16.00%, as shares surge +30.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.93% upper at present.
During the last 5 trading sessions, TMC rose by +0.83%, which changed the moving average for the period of 200-days by -34.76% in comparison to the 20-day moving average, which settled at $0.9165. In addition, TMC the metals company Inc saw -3.12% 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 ILVES Erika, who sale 217,099 shares at the price of $1.11 back on Dec 30 ’24. After this action, ILVES Erika now owns 998,170 shares of TMC the metals company Inc, valued at $240,980 using the latest closing price.
May Brendan, the Director of TMC the metals company Inc, purchase 25,000 shares at $0.87 during a trade that took place back on Dec 24 ’24, which means that May Brendan is holding 100,040 shares at $21,870 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 18.94. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, TMC the metals company Inc (TMC) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
