With 1.28 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.02 million shares. The 52-week range on TMC shows that it touched its highest point at $2.55 and its lowest point at $0.72 during that stretch. It currently has a 1-year price target of $3.98. Beta for the stock currently stands at 1.45.
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 4.17%, but this was down by -3.31% over a month. Three-month performance surged to 106.34% while six-month performance rose 84.06%. The stock gained 11.46% in the past year, while it has gained 56.25% so far this year. A look at the trailing 12-month EPS for TMC yields -0.36 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.05. This implies an EPS growth rate of 16.51% for this year and 40.76% for next year. EPS is expected to grow by 21.66% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -497.91%.
Float and Shares Shorts:
At present, 324.13 million TMC shares are outstanding with a float of 141.81 million shares on hand for trading.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.16774 being high and -$0.2664 being low. For TMC, this leads to a yearly average estimate of -$0.21707. Based on analyst estimates, the high estimate for the next quarter is -$0.04 and the low estimate is -$0.04. The average estimate for the next quarter is thus -$0.04.
