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.
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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.
Institutional Ownership:
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.
Analysts Ratings:
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.
