TMC the metals company Inc (NASDAQ:TMC) price on Wednesday, December 04, rose 1.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.90.
A look at the stock’s price movement, the close in the last trading session was $0.89, moving within a range at $0.8734 and $0.95. The beta value (5-Year monthly) was 1.69. Turning to its 52-week performance, $2.07 and $0.78 were the 52-week high and 52-week low respectively. Overall, TMC moved -7.01% over the past month.
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TMC the metals company Inc’s market cap currently stands at around $310.43 million, with investors looking forward to this quarter’s earnings report slated for in January.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TMC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
TMC’s current price about -2.09% and -7.71% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.63, while 7-day volatility ratio is 8.70% and 6.89% in the 30-day chart. Further, TMC the metals company Inc (TMC) has a beta value of 1.61, and an average true range (ATR) of 0.06.
If we refocus on TMC the metals company Inc (NASDAQ:TMC), historical trading data shows that trading volumes averaged 1.57 over the past 10 days and 955.98K over the past 3 months. The company’s latest data on shares outstanding shows there are 324.13 million shares.
The 62.54% of TMC the metals company Inc’s shares are in the hands of company insiders while institutional holders own 5.13% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.68 million on 2024-10-31, giving us a short ratio of 21.46. The data shows that as of 2024-10-31 short interest in TMC the metals company Inc (TMC) stood at 581.0 of shares outstanding, with shares short rising to 9.92 million registered in 2024-09-30. Current price change has pushed the stock -18.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TMC stock continues to rise going into the next quarter.
