TMC the metals company Inc (NASDAQ:TMC) shares, rose in value on Wednesday, April 16, with the stock price down by -2.79% to the previous day’s close as strong demand from buyers drove the stock to $2.79.
Actively observing the price movement in the last trading, the stock closed the session at $2.87, falling within a range of $2.67 and $3.09. The value of beta (5-year monthly) was 1.455. Referring to stock’s 52-week performance, its high was $3.57, and the low was $0.72. On the whole, TMC has fluctuated by 47.62% over the past month.
With the market capitalization of TMC the metals company Inc currently standing at about $1.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-26.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TMC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TMC currently trading nearly 43.78% and 47.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.33, while the 7-day volatility ratio is showing 21.08% which for the 30-day chart, stands at 14.38%. Furthermore, TMC the metals company Inc (TMC)’s beta value is 1.17, and its average true range (ATR) is 0.31.
A comparison of TMC the metals company Inc (TMC) with its peers suggests the former has fared considerably weaker in the market. TMC showed an intraday change of -2.79% in last session, and over the past year, it grew by 61.27%%.
Data on historical trading for TMC the metals company Inc (NASDAQ:TMC) indicates that the trading volumes over the past 10 days have averaged 10.91 and over the past 3 months, they’ve averaged 4.32 million. According to company’s latest data on outstanding shares, there are 340.71 million shares outstanding.
Nearly 66.62% of TMC the metals company Inc’s shares belong to company insiders and institutional investors own 9.19% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.95 million shares as on 2025-03-31, resulting in a short ratio of 4.57. According to the data, the short interest in TMC the metals company Inc (TMC) stood at 527.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 10.84 million. The stock has risen by 149.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TMC stock heading into the next quarter.
