TMC the metals company Inc (NASDAQ:TMC) price closed lower on Tuesday, February 25, and dropping -6.09% below its previous close.
A look at the daily price movement shows that the last close reads $1.97. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.55 and 52-week low of $0.72. The stock added 17.83% on its value in the past month.
TMC the metals company Inc, which has a market valuation of $636.70 million, is expected to release its quarterly earnings report in March.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give TMC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that TMC’s price is at present 0.43% off the SMA20 and 31.27% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.72, with weekly volatility standing at 14.07%. The indicator jumps to 10.50% when calculated based on the past 30 days. TMC the metals company Inc (NASDAQ:TMC)’s beta value is holding at 1.49, while the average true range (ATR) indicator is currently reading 0.20.
An analysis of the TMC the metals company Inc (NASDAQ:TMC) stock in terms of its daily trading volume indicates that the 3-month average is 2.90 million.
Current records show that the company has 324.13M in outstanding shares. The insiders’ percentage holdings are 58.79% of outstanding shares while the percentage share held by institutions stands at 9.58%. But the 65.18% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
