TMC the metals company Inc. [NASDAQ: TMC] slipped around 0.0 points on Wednesday, while shares priced at $1.72 at the close of the session, down 0.00%. The company report on December 27, 2021 that TMC Deadline Alert: Bronstein, Gewirtz & Grossman, LLC Notifies TMC the metals company Inc. Investors of Class Action and Lead Plaintiff Deadline: December 27, 2021.
Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against TMC the metals company Inc. f
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This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
TMC the metals company Inc. stock is now -84.01% down from its year-to-date (YTD) trading value. TMC Stock saw the intraday high of $1.85 and lowest of $1.66 per share. The company’s 52-week high price is 15.39, which means current price is +3.61% above from all time high which was touched on 09/13/21.
Compared to the average trading volume of 3.90M shares, TMC reached a trading volume of 5257048 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about TMC the metals company Inc. [TMC]?
Wedbush have made an estimate for TMC the metals company Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 24, 2021. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on November 12, 2021, representing the official price target for TMC the metals company Inc. stock.
How has TMC stock performed recently?
TMC the metals company Inc. [TMC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.57. With this latest performance, TMC shares dropped by -43.97% in over the last four-week period, additionally sinking by -82.71% over the last 6 months – not to mention a drop of -84.52% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TMC stock in for the last two-week period is set at 32.56, with the RSI for the last a single of trading hit 31.51, and the three-weeks RSI is set at 33.65 for TMC the metals company Inc. [TMC]. The present Moving Average for the last 50 days of trading for this stock 2.8334, while it was recorded at 1.9140 for the last single week of trading, and 7.6863 for the last 200 days.
TMC the metals company Inc. [TMC]: Deeper insight into the fundamentals
Return on Total Capital for TMC is now -2.59, given the latest momentum, and Return on Invested Capital for the company is -31.46. Return on Equity for this stock declined to -31.46, with Return on Assets sitting at -24.22.
Reflecting on the efficiency of the workforce at the company, TMC the metals company Inc. [TMC] managed to generate an average of -$12,180,685 per employee.
Insider trade positions for TMC the metals company Inc. [TMC]
There are presently around $13 million, or 4.30% of TMC stock, in the hands of institutional investors. The top three institutional holders of TMC stocks are: LOEWS CORP with ownership of 1,543,816, which is approximately New of the company’s market cap and around 10.50% of the total institutional ownership; ASIA RESEARCH & CAPITAL MANAGEMENT LTD, holding 1,500,000 shares of the stock with an approximate value of $2.58 million in TMC stocks shares; and NANTAHALA CAPITAL MANAGEMENT, LLC, currently with $1.2 million in TMC stock with ownership of nearly New of the company’s market capitalization.
Positions in TMC the metals company Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 32 institutional holders increased their position in TMC the metals company Inc. [NASDAQ:TMC] by around 5,848,963 shares. Additionally, 67 investors decreased positions by around 21,175,382 shares, while 2 investors held positions by with 19,323,972 shares. The mentioned changes placed institutional holdings at 7,700,373 shares, according to the latest SEC report filing. TMC stock had 25 new institutional investments in for a total of 5,477,571 shares, while 58 institutional investors sold positions of 16,780,173 shares during the same period.