TMC the metals company Inc (NASDAQ:TMC) concluded the trading at $1.09 on Wednesday, January 08 with a fall of -8.40% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $1.19 and 5Y monthly beta was reading 1.69 with its price kept floating in the range of $1.06 and $1.18 on the day. Considering stock’s 52-week price range provides that TMC hit a high price of $2.07 and saw its price falling to a low level of $0.72 during that period. Over a period of past 1-month, stock came adding 27.26% in its value.
In contrast, when we review TMC stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of Hold for it.
Digging deeper we become aware of the PEG ratio of the TMC stock which is currently positioned at 0. It further provides that stock’s current price level is 15.16% away from its 20-day simple moving average and is 16.44% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.83 while volatility remained at 12.59% over the past week which changes to 10.31% when measuring it over the past month. Beta is valued at 1.48, while measure of average true range or ATR is currently at 0.10.
Having a second look at TMC the metals company Inc (NASDAQ:TMC) provides that stock’s average daily trading volume for 3 months was 1.41 million, while it jumped to 2718670 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 324.13 million.
The percentage of outstanding shares held by the insiders is 58.79% while it is 5.15% for the institutional holders. The figures also indicate that as of 2024-10-31, number of stock’s short shares was 10.68 million which implies a short ratio of 21.46. This shows up a 581.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 9.92 million in the previous month. Subtraction of -2.68% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
