TMC the metals company Inc (NASDAQ:TMC) price on Thursday, May 09,rose 4.81% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.52.
A look at the stock’s price movement, the close in the last trading session was $1.46. Turning to its 52-week performance, $3.20 and $0.65 were the 52-week high and 52-week low respectively. Overall, TMC moved -18.45% over the past month.
TMC the metals company Inc’s market cap currently stands at around $485.70 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TMC is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
TMC’s current price about -5.76% and -4.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.20, while 7-day volatility ratio is 4.61% and 6.62% in the 30-day chart. Further, TMC the metals company Inc (TMC) has a beta value of 1.72, and an average true range (ATR) of 0.11.
If we refocus on TMC the metals company Inc (NASDAQ:TMC), historical trading data shows that trading volumes averaged 1.94 million over the past 3 months. The company’s latest data on shares outstanding shows there are 306.56 million shares.
The 65.22% of TMC the metals company Inc’s shares are in the hands of company insiders while institutional holders own 4.26% of the company’s shares. Current price change has pushed the stock 38.64% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TMC stock continues to rise going into the next quarter.