The 36-month beta value for TMC is at 1.49. 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 141.82M, and currently, shorts hold a 6.81% of that float. The average trading volume for TMC on January 15, 2025 was 1.50M shares.
TMC) stock’s latest price update
TMC the metals company Inc (NASDAQ: TMC)’s stock price has increased by 19.98 compared to its previous closing price of 1.05. However, the company has seen a 5.87% increase in its stock price over the last five trading sessions. accesswire.com reported 2025-01-10 that NEW YORK, NY / ACCESSWIRE / January 10, 2025 / Pomerantz LLP announces that a class action lawsuit has been filed against TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ:TMC) and certain officers. The class action, filed in the United States District Court for the Central District Of California, and docketed under 24-cv-09684 is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired TMC securities between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
TMC’s Market Performance
TMC’s stock has risen by 5.87% in the past week, with a monthly rise of 58.35% and a quarterly rise of 23.51%. The volatility ratio for the week is 8.99% while the volatility levels for the last 30 days are 10.55% for TMC the metals company Inc The simple moving average for the last 20 days is 24.37% for TMC stock, with a simple moving average of 5.54% for the last 200 days.
Analysts’ Opinion of TMC
Cantor Fitzgerald, on the other hand, stated in their research note that they expect to see TMC reach a price target of $4.20. The rating they have provided for TMC stocks is “Buy” according to the report published on November 13th, 2023.
Wedbush gave a rating of “Neutral” to TMC, setting the target price at $5 in the report published on November 24th of the previous year.
TMC Trading at 32.94% 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 -39.14% of loss for the given period.
Volatility was left at 10.55%, however, over the last 30 days, the volatility rate increased by 8.99%, as shares surge +61.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.35% upper at present.
During the last 5 trading sessions, TMC rose by +8.32%, which changed the moving average for the period of 200-days by -9.86% in comparison to the 20-day moving average, which settled at $1.0144. In addition, TMC the metals company Inc saw 12.48% 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 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 21.58. 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 better 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.
