TMC the metals company Inc [NASDAQ: TMC] stock went on an upward path that rose over 13.83% on Monday, amounting to a one-week price increase of more than 15.51%.
Over the last 12 months, TMC stock dropped by -10.83%. The one-year TMC the metals company Inc stock forecast points to a potential upside of 74.22. The average equity rating for TMC stock is currently 2.00, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $346.67 million, with 306.56 million shares outstanding and 121.33 million shares in the current float. Compared to the average trading volume of 979.38K shares, TMC stock reached a trading volume of 4484632 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.15 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 2.00. 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.
Cantor Fitzgerald have made an estimate for TMC the metals company Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 13, 2023. While these analysts kept the previous recommendation, Wedbush raised their target price to Neutral. The new note on the price target was released on November 24, 2021, representing the official price target for TMC the metals company Inc stock. Previously, the target price had yet another raise to $3, while Piper Sandler analysts kept a Neutral rating on TMC stock.
TMC Stock Performance Analysis:
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 15.51. With this latest performance, TMC shares dropped by -2.73% in over the last four-week period, additionally sinking by -35.93% over the last 6 months – not to mention a drop of -10.83% 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 55.48, with the RSI for the last a single of trading hit 62.93, and the three-weeks RSI is set at 50.95 for TMC the metals company Inc [TMC]. The present Moving Average for the last 50 days of trading for this stock 1.1105, while it was recorded at 0.9643 for the last single week of trading, and 1.3387 for the last 200 days.
Insight into TMC the metals company Inc Fundamentals:
TMC the metals company Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.04 and a Current Ratio set at 0.04.
TMC the metals company Inc [TMC] Institutonal Ownership Details
There are presently around $5.62%, or 11.75%% of TMC stock, in the hands of institutional investors. The top three institutional holders of TMC stocks are: FIRST MANHATTAN CO. LLC. with ownership of 7.6 million shares, which is approximately 2.4405%. BAIRD FINANCIAL GROUP, INC., holding 2.28 million shares of the stock with an approximate value of $$3.07 million in TMC stocks shares; and BAIRD FINANCIAL GROUP, INC., currently with $$2.85 million in TMC stock with ownership which is approximately 0.6766%.
