As of Thursday close, TMC the metals company Inc.’s (NASDAQ:TMC) stock traded at $1.07. The average number of shares traded per day over the past five days has been 1,293,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1300 fall in that time frame. In the last twenty days, the average volume was 1,524,935, while in the previous 50 days, it was 3,305,026.
Since last month, TMC stock retreated -8.55%. Shares of the company fell to $1.0200 on 09/21/23, the lowest level in the past month. A 52-week high of $3.20 was reached on 07/10/23 after having rallying from a 52-week low of $0.51. Since the beginning of this year, TMC’s stock price has risen by 38.96% or $0.3000, and marked a new high 16 times. However, the stock has declined by -66.56% since its 52-week high.
TMC stock investors should be aware that TMC the metals company Inc. (TMC) stock had its last reported insider trading activity 106 days ago on Jun 08. Karkar Andrei, the Director of the company, purchased of 3,997,519 shares for $0.75 on Jun 08. It resulted in a $2,998,139 investment by the insider. O’Sullivan Anthony sold 60,660 shares at an average price of $0.78 on Mar 30. The insider now owns 512,777 shares following the transaction. On Mar 30, Chief Ocean Scientist Stone Gregory sold 52,031 shares at $0.76 apiece. The transaction was valued at $39,502.
Financial Health
In the three months ended June 29, TMC the metals company Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. Based on annual data, TMC earned -$1.11 million in gross profit and brought in $174.12 million in revenue.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected TMC the metals company Inc. to report -$0.12 quarterly earnings, the actual figure was -$0.05 per share, beating the consensus estimate by 58.30%. During the quarter, the company generated -$13.14 million in EBITDA. The liabilities of TMC the metals company Inc. were 31.1 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $292.92 million.
Technical Picture
This quick technical analysis looks at TMC the metals company Inc.’s (TMC) price momentum. With a historical volatility rate of 28.93%, the RSI 9-day stood at 30.82% on 21 September.
With respect to its five-day moving average, the current TMC the metals company Inc. price is down by -10.83% percent or -$0.1300. At present, TMC shares trade -15.08% below its 20-day simple moving average and +31.37% percent above its 100-day simple moving average. However, the stock is currently trading approximately -55.60% below its SMA50 and +27.18% above its SMA200.
Stochastic coefficient K was 12.47% and Stochastic coefficient D was 11.08%, while ATR was 0.0876. Given the Stochastic reading of 16.72% for the 14-day period, the RSI (14) reading has been calculated as 38.88%. As of today, the MACD Oscillator reading stands at -0.0622, while the 14-day reading stands at -0.0793.
