TMC the metals company Inc (NASDAQ:TMC) traded at $1.74 at close of the session on Monday, March 18, made an upward move of 4.19% on its previous day’s price.
Looking at the stock we see that its previous close was $1.67 and the beta (5Y monthly) reads 1.82 . In terms of its 52-week price range, TMC has a high of $3.20 and a low of $0.65. The company’s stock has gained about 40.32% over that past 30 days.
TMC the metals company Inc has a market cap of $533.08 million and is expected to release its quarterly earnings report on Mar 21, 2024 – Mar 25, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.16, with the EPS growth for the year raised at -$0.25 for 2023 and -$0.23 for next year. These figures represent 40.50% and 8.00% growth in EPS for the two years respectively.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the TMC stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 20.21% off its SMA20 and 26.87% from its 50-day simple moving average. The RSI (14) is pointing at 64.79 while the volatility over the past week is 17.61% and jumps to 10.23% over the past one month. The beta value is 1.81, while the average true range (ATR) is currently pointing at 0.16.
Coming back to TMC the metals company Inc (NASDAQ:TMC), we note that the average 3-month trading volume was 1.61 million, while that of the preceding 10-day period stands at 3.12 million. Current shares outstanding are 266.81 million.
The insiders hold 64.19% of the company’s shares while institutions hold 4.47%. The data shows that short shares as of Feb 29, 2024, stood at 7.99 million at a short ratio of 7.1. This represents a 2.61% short interest in shares outstanding on Feb 29, 2024. Shares short fall in February from the previous month at 9.05 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 58.18% up in year-to-date price movement.
