TMC the metals company Inc. [NASDAQ: TMC] closed the trading session at $1.25 on 08/31/23. The day’s price range saw the stock hit a low of $1.22, while the highest price level was $1.34. The company report on August 14, 2023 at 8:40 AM that The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million.
The stocks have a year to date performance of 62.34 percent and weekly performance of 5.04 percent. The stock has been moved at 23.76 percent over the last six months. The stock has performed -3.10 percent around the most recent 30 days and changed 79.70 percent over the most recent 3-months.
If compared to the average trading volume of 4.43M shares, TMC reached to a volume of 2927057 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 $5.00 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 2.50. 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.
The Average True Range (ATR) for TMC the metals company Inc. is set at 0.17 The Price to Book ratio for the last quarter was 6.25, with the Price to Cash per share for the same quarter was set at 0.10.
TMC stock trade performance evaluation
TMC the metals company Inc. [TMC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.04. With this latest performance, TMC shares dropped by -3.10% in over the last four-week period, additionally plugging by 23.76% over the last 6 months – not to mention a rise of 11.61% 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 46.86, with the RSI for the last a single of trading hit 46.75, and the three-weeks RSI is set at 47.54 for TMC the metals company Inc. [TMC]. The present Moving Average for the last 50 days of trading for this stock 1.5659, while it was recorded at 1.3120 for the last single week of trading, and 1.0359 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 -259.38, given the latest momentum, and Return on Invested Capital for the company is -254.68. Return on Equity for this stock declined to -254.68, with Return on Assets sitting at -150.03.
Reflecting on the efficiency of the workforce at the company, TMC the metals company Inc. [TMC] managed to generate an average of -$4,383,692 per employee.TMC the metals company Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 1.80.
TMC the metals company Inc. [TMC]: Institutional Ownership
The top three institutional holders of TMC stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in TMC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in TMC stock with ownership which is approximately 5.7381%.