TMC the metals company Inc (NASDAQ: TMC) stock fell -0.93% on Friday to $1.06 against a previous-day closing price of $1.07. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.07 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $1.0800 whereas the lowest price it dropped to was $1.0300. The 52-week range on TMC shows that it touched its highest point at $3.20 and its lowest point at $0.51 during that stretch. It currently has a 1-year price target of $3.83. Beta for the stock currently stands at 1.75.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TMC was up-trending over the past week, with a rise of 6.00%, but this was up by 20.54% over a month. Three-month performance dropped to -13.82% while six-month performance rose 45.25%. The stock gained 21.38% in the past year, while it has gained 37.66% so far this year. A look at the trailing 12-month EPS for TMC yields -0.50 with Next year EPS estimates of -0.22. For the next quarter, that number is -0.11. This implies an EPS growth rate of 71.71% for this year and -10.68% for next year.
Float and Shares Shorts:
At present, 266.81 million TMC shares are outstanding with a float of 99.56 million shares on hand for trading. On Oct 30, 2023, short shares totaled 9.1 million, which was 2.97% higher than short shares on Sep 28, 2023. In addition to Mr. Gerard Barron as the firm’s CEO & Chairman of the Board, Mr. Craig Shesky serves as its Chief Financial Officer.
Through their ownership of 6.79% of TMC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 47.70% of TMC, in contrast to 4.91% held by mutual funds. Shares owned by individuals account for 0.45%. As the largest shareholder in TMC with 2.48% of the stake, First Manhattan Co LLC holds 7,268,800 shares worth 7,268,800. A second-largest stockholder of TMC, Robert W. Baird & Co., Inc., holds 1,792,778 shares, controlling over 0.61% of the firm’s shares. Old West Investment Management LL is the third largest shareholder in TMC, holding 796,615 shares or 0.27% stake. With a 0.20% stake in TMC, the Amplify Lithium & Battery Technol is the largest stakeholder. A total of 584,350 shares are owned by the mutual fund manager. The Fidelity Nasdaq Composite Index F, which owns about 0.06% of TMC stock, is the second-largest Mutual Fund holder. It holds 184,173 shares valued at 0.15 million. Belfund SICAV – Belinvest Equity holds 0.06% of the stake in TMC, owning 172,000 shares worth 0.14 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TMC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
Summary of Insider Activity:
Insiders traded TMC stock several times over the past three months with 0 Buys and 2 Sells. In these transactions, 0 shares were bought while 150,511 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 9 over the past year. The total number of shares bought during that period was 27,556,371 while 656,051 shares were sold.