The stock of TMC the metals company Inc. (NASDAQ:TMC) increased by $0.08 on Monday to $1.35, up 6.40 percent. The last five days have seen an average of 1,230,271 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $0.5850. The average number of shares traded over the last 20 days was 3,514,183, while the average volume over the last 50 days totaled 5,035,607.
TMC stock dropped -6.81% since last month. On 08/07/23, the company’s shares reached a one-month low of $1.0200. The stock touched a high of $3.20 on 07/10/23, after rallying from a low of $0.51 in 52 weeks. The price of TMC stock has risen by 75.49% or $0.5850 this year, reaching a new high 16 times. Still, the stock price is down -57.77% from the 52-week high.
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Insider Transactions
TMC stock investors should be aware that TMC the metals company Inc. (TMC) stock had its last reported insider trading activity 81 days ago on Jun 08. On Jun 08, Director Karkar Andrei acquired 3,997,519 shares at $0.75 each. This transaction resulted in the insider spending $2,998,139. On Mar 30, O’Sullivan Anthony sold 60,660 shares at a price of US$0.78. After the transaction, the insider now owns 512,777 shares. Chief Ocean Scientist Stone Gregory had earlier sold 52,031 shares on Mar 30 for $0.76 a share. The transaction was completed for $39,502.
Financial Health
For the three months ended June 29, TMC the metals company Inc.’s quick ratio was 1.80, while its current ratio was 1.80, indicating its ability to pay off its debt. Based on annual data, it had gross profit of -$1.11 million and revenue of $174.12 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. TMC’s return on assets (ROA) during the last 12 months has been -152.40%. In the meantime, the return on equity (ROE) for the last 12 months was -240.00%.
Earnings Surprise
According to TMC the metals company Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that TMC the metals company Inc.’s quarterly earnings would be -$0.05, but it ended up being -$0.12, beating the consensus by 58.30%. EBITDA was -$13.14 million for the quarter. Equity owned by shareholders amounts to $292.92 million.
Technical Picture
Here’s a quick look at TMC the metals company Inc.’s (TMC) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 54.02%, suggesting the stock is Neutral, with a 115.17% historical volatility rate.
The stochastic %K and %D were 33.35% and 29.48% respectively, while the average true range (ATR) was 0.1642. Based on the 14-day stochastic reading of 44.37%, the RSI (14) reading is 50.48%. On the 9-day MACD Oscillator, the stock is at 0.0389, and the 14-day reading is at 0.0349.
Analyst Ratings
In its analyst report released on November 24, 2021, Wedbush began covering TMC the metals company Inc. (NASDAQ: TMC). The stock was rated as a Neutral by the brokerage firm.
