Is Buying Stock In TMC the metals company Inc. (TMC) A Good Move Today?

TMC the metals company Inc. (NASDAQ:TMC) saw an upside of 13.79% to close Friday at $5.20 after adding $0.63 on the day. The 5-day average trading volume is 10,524,140 shares of the company’s common stock. It has gained $5.64 in the past week and touched a new high 2 times within the past 5 days. An average of 12,930,935 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,595,722.

TMC’s 1-month performance is -47.84% or -$4.77 on its low of $4.09 reached on 09/30/21. The company’s shares have touched a 52-week low of $4.09 and high of $15.39, with the stock’s rally to the 52-week high happening on 09/13/21. YTD, TMC has lost -51.67% or -$5.56 and has reached a new high 7 times. However, the current price is down -66.21%% from the 52-week high price.


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Valuation Metrics

TMC the metals company Inc. (TMC) has a trailing price-to-earnings (P/E) ratio of 12.53 for the broader industry and 13.01 for the sector, meaning that investors are optimistic about the stock’s future prospects.TMC stock has a beta of 0.00. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 0.79.

TMC the metals company Inc.’s quick ratio for the recent quarter was 0.10, with the current ratio over the same period at 0.10 meaning that TMC stock is able to fulfill its debt obligations.

Earnings Surprise

TMC stock balance sheet for the recent quarter shows that total liabilities totaled 353.62 million, with total debt at $26.16 million. Shareholders hold equity totaling $37.5 million

Technical Picture

Let’s look briefly at TMC the metals company Inc. (TMC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 35.49% to suggest the stock is trending Neutral, with historical volatility in this time period at 218.23%.

The stock’s 5-day moving average is $4.98, reflecting a +1.76% or $0.09 change from its current price. TMC is currently trading -47.69% above its 20-day SMA, -47.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -47.69% and -50.14% respectively.

Stochastic %K and %D was 5.04% and 3.09% and the average true range (ATR) pointed at 1.36. The RSI (14) points at 36.26%, while the 14-day stochastic is at 10.50% with the period’s ATR at 1.33. The stock’s 9-day MACD Oscillator is pointing at -1.03 and -2.74 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for TMC stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate TMC as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.

What is TMC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $20.00 and a high of $24.00, with their median price target at $22.00. Looking at these predictions, the average price target given by analysts is for TMC the metals company Inc. (TMC) stock is $22.00.

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