TMC the metals company Inc. [NASDAQ: TMC] plunged by -$0.23 during the normal trading session on Tuesday and reaching a high of $2.42 during the day while it closed the day at $2.19. The company report on March 22, 2022 that The Metals Company and Allseas Announce Successful Completion of Harbor Wet-Test Commissioning of Robotic Polymetallic Nodule Collector Vehicle.
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TMC the metals company Inc. stock has also loss -23.16% of its value over the past 7 days. However, TMC stock has inclined by 20.99% in the 3 months of the year. Over the past six months meanwhile, it has lost -76.22% and gained 5.29% year-on date.
The market cap for TMC stock reached $506.04 million, with 231.07 million shares outstanding and 120.09 million shares in the current float. Compared to the average trading volume of 4.00M shares, TMC reached a trading volume of 5686697 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about TMC the metals company Inc. [TMC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TMC shares is $12.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TMC stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
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.
The Average True Range (ATR) for TMC the metals company Inc. is set at 0.35 The Price to Book ratio for the last quarter was 4.61.
TMC stock trade performance evaluation
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 -23.16. With this latest performance, TMC shares gained by 38.61% in over the last four-week period, additionally sinking by -76.22% over the last 6 months – not to mention a drop of -77.95% 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 51.08, with the RSI for the last a single of trading hit 46.57, and the three-weeks RSI is set at 52.08 for TMC the metals company Inc. [TMC]. The present Moving Average for the last 50 days of trading for this stock 1.75, while it was recorded at 2.60 for the last single week of trading, and 5.36 for the last 200 days.
TMC the metals company Inc. [TMC]: An insightful look at the core 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.
TMC the metals company Inc. [TMC]: Insider Ownership positions
There are presently around $16 million, or 4.00% of TMC stock, in the hands of institutional investors. The top three institutional holders of TMC stocks are: NOMURA HOLDINGS INC with ownership of 787,962, which is approximately 1025.66% of the company’s market cap and around 7.80% of the total institutional ownership; TWO SIGMA INVESTMENTS, LP, holding 542,276 shares of the stock with an approximate value of $1.31 million in TMC stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $1.29 million in TMC stock with ownership of nearly -21.747% of the company’s market capitalization.
Positions in TMC the metals company Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 37 institutional holders increased their position in TMC the metals company Inc. [NASDAQ:TMC] by around 4,706,592 shares. Additionally, 31 investors decreased positions by around 6,246,476 shares, while 4 investors held positions by with 4,467,830 shares. The mentioned changes placed institutional holdings at 6,485,238 shares, according to the latest SEC report filing. TMC stock had 28 new institutional investments in for a total of 3,655,074 shares, while 22 institutional investors sold positions of 5,042,116 shares during the same period.