TMC the metals company Inc (NASDAQ:TMC) price closed lower on Monday, April 15, dropping -4.42% below its previous close.
A look at the daily price movement shows that the last close reads $1.81. The company’s 5Y monthly beta was ticking 1.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.20 and 52-week low of $0.65. The stock added 1.17% on its value in the past month.
TMC the metals company Inc, which has a market valuation of $550.57 million, is expected to release its quarterly earnings report May 09, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TMC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that TMC’s price is at present 5.15% off the SMA20 and 16.51% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 55.66, with weekly volatility standing at 10.64%. The indicator jumps to 9.97% when calculated based on the past 30 days. TMC the metals company Inc (NASDAQ:TMC)’s beta value is holding at 1.70, while the average true range (ATR) indicator is currently reading 0.16.
An analysis of the TMC the metals company Inc (NASDAQ:TMC) stock in terms of its daily trading volume indicates that the 3-month average is 1.91 million.
Current records show that the company has 306.56M in outstanding shares. The insiders’ percentage holdings are 63.13% of outstanding shares while the percentage share held by institutions stands at 4.31%. But the 57.27% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
