The trading price of TMC the metals company Inc (NASDAQ:TMC) closed lower on Tuesday, June 17, and closing at $5.44, -2.68% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $5.66 and a 52-week low of $0.72. Over the past month, the stock has gained 49.45% in value.
TMC the metals company Inc, whose market valuation is $2.02 billion at the time of this writing, is expected to release its quarterly earnings report in July. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.05 per share this quarter, however they have predicted annual earnings per share of -0.19 for current year and -0.19 for next year.
On the technical side, indicators suggest TMC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that TMC’s price is currently 21.24% off the SMA20 and 54.69% off the SMA50. The RSI metric on the 14-day chart is currently showing 66.79, and weekly volatility stands at 15.53%. When measured over the past 30 days, the indicator reaches 7.96%. TMC the metals company Inc (NASDAQ:TMC)’s beta value is currently sitting at 1.47, while the Average True Range indicator is currently displaying 0.50. With analysts defining $6.25-$6.25 as the low and high price targets, we arrive at a consensus price target of $6.25 for the trailing 12-month period. The current price is about -14.89% off the estimated low and -14.89% off the forecast high, based on this estimate. Investors will be thrilled if TMC’s share price rises to $6.25, which is the median consensus price. At that level, TMC’s share price would be -14.89% below current price.
To see how TMC the metals company Inc stock has been performing in comparison to its peers in the industry, here are the numbers: TMC stock’s performance was -2.68% in the latest trading, and 280.42% in the past year.
An evaluation of the daily trading volume of TMC the metals company Inc (NASDAQ:TMC) indicates that the 3-month average is 9.39 million.
Currently, records show that 356.62 million of the company’s shares remain outstanding. The insiders hold 49.70% of outstanding shares, whereas institutions hold 10.85%. However, since the stock’s price has seen 385.71% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
