TMC the metals company Inc (NASDAQ:TMC) price on current trading day, fall -1.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.87.
A look at the stock’s price movement, the close in the last trading session was $1.89, moving within a range at $1.86 and $1.915. The beta value (5-Year monthly) was 1.518. Turning to its 52-week performance, $2.55 and $0.72 were the 52-week high and 52-week low respectively. Overall, TMC moved -9.66% over the past month.
TMC the metals company Inc’s market cap currently stands at around $643.59 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-13.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TMC is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
TMC’s current price about 1.99% and 10.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.43, while 7-day volatility ratio is 5.33% and 9.44% in the 30-day chart. Further, TMC the metals company Inc (TMC) has a beta value of 1.40, and an average true range (ATR) of 0.15.
If we refocus on TMC the metals company Inc (NASDAQ:TMC), historical trading data shows that trading volumes averaged 1.36 over the past 10 days and 2.96 million over the past 3 months. The company’s latest data on shares outstanding shows there are 324.13 million shares.
The 58.79% of TMC the metals company Inc’s shares are in the hands of company insiders while institutional holders own 9.58% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.84 million on 2025-02-28, giving us a short ratio of 3.77. The data shows that as of 2025-02-28 short interest in TMC the metals company Inc (TMC) stood at 589.0 of shares outstanding, with shares short falling to 10.86 million registered in 2025-01-31. Current price change has pushed the stock 66.96% 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.
