TMC the metals company Inc. (NASDAQ:TMC) finished Wednesday with a subtraction of -$0.05 to close at $1.06, a downside of -4.50 percent. An average of 2,970,440 shares of common stock have been traded in the last five days. There was a fall of -$0.2300 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 4,503,825 shares traded, while the 50-day average volume stands at 4,637,620.
TMC stock has decreased by -62.81% in the last month. The company shares reached their 1-month lowest point of $1.0200 on 08/07/23. With the stock rallying to its 52-week high on 07/10/23, shares of the company touched a low of $0.51 and a high of $3.20 in 52 weeks. It has reached a new high 16 times so far this year and achieved 37.66% or $0.2900 in price. In spite of this, the price is down -66.88% from the 52-week high.
Insider Transactions
TMC stock investors should be aware that TMC the metals company Inc. (TMC) stock had its last reported insider trading activity 133 days ago on Jun 08. In this transaction, the insider spent $47,533. Chief Ocean Scientist, Stone Gregory, disposed of 52,031 shares at a price of $0.76 on Mar 30. The insider now owns more than $39,502 worth of shares. Prior to that, Chief Development Officer O’Sullivan Anthony went on to Sale 85,170 shares at $0.72 each on Mar 29. An amount of $61,382 was transacted.
Valuation Metrics
TMC the metals company Inc. (TMC) stock’s beta is 1.55. Other valuation ratios to consider include the price-to-book (PB) ratio at 5.30.
Financial Health
The quick ratio of TMC the metals company Inc. for the three months ended March 30 was 1.80, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Its gross profit as reported stood at -$1.11 million compared to revenue of $174.12 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, TMC the metals company Inc.’s return on assets was -152.40%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The analyst consensus anticipated TMC the metals company Inc.’s latest quarter earnings to come in at -$0.06 per share, but it turned out to be $0, a 100.00% surprise. For the quarter, EBITDA amounted to -$13.29 million. At the end of the quarter ending March 30, TMC the metals company Inc.’s stock balance sheet showed total liabilities of 29.75 million. Shareholders own equity worth $280.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at TMC the metals company Inc. (TMC) price momentum. RSI 9-day as of the close on 09 August was 33.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 171.99%.
As of today, TMC’s price is $1.1640 -17.83% or -$0.2300 from its 5-day moving average. TMC is currently trading -56.02% lower than its 20-day SMA and +27.76% higher than its 100-day SMA. However, the stock’s current price level is +55.22% above the SMA50 and +2.91% above the SMA200.
The stochastic %K and %D were 12.32% and 11.42%, respectively, and the average true range (ATR) was 0.2120. With the 14-day stochastic at 4.31% and the average true range at 0.2300, the RSI (14) stands at 39.20%. The stock has reached -0.1644 on the 9-day MACD Oscillator while the 14-day reading was at -0.2260.
Analyst Ratings
Wedbush launched coverage on TMC the metals company Inc. (NASDAQ: TMC) in its analyst report released on November 24, 2021. The firm assigned the stock a Neutral rating.
