TMC the metals company Inc (NASDAQ:TMC) traded at $0.83 at close of the session on Tuesday, November 26 and made a downward move of -7.39% on its previous day’s price.
Looking at the stock we see that its previous close was $0.90 and the beta (5Y monthly) reads 1.69 with the day’s price range being $0.8345 – $0.92. In terms of its 52-week price range, TMC has a high of $2.07 and a low of $0.80. The company’s stock has lost about -15.65% over that past 30 days.
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TMC the metals company Inc has a market cap of $285.20 million and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.06, with the EPS growth for the year raised at -0.27 for current year and -0.27 for next year.
On the other hand, looking at the outlook for the TMC stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell.
Looking further, we note the current price level is -12.41% off its SMA20 and -16.14% from its 50-day simple moving average. The RSI (14) is pointing at 29.18 while the volatility over the past week is 6.73% and jumps to 5.88% over the past one month. The beta value is 1.65, while the average true range (ATR) is currently pointing at 0.06.
Coming back to TMC the metals company Inc (NASDAQ:TMC), we note that the average 3-month trading volume was 868.42K, while that of the preceding 10-day period stands at 1.86 million. Current shares outstanding are 306.56 million.
The insiders hold 62.51% of the company’s shares while institutions hold 5.16%. The data shows that short shares as of 2024-10-31, stood at 10.68 million at a short ratio of 21.46. This represents a 581.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 9.92 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -24.14% down in year-to-date price movement.
