TMC the metals company Inc [TMC] stock prices are up 4.19% to $1.74 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TMC shares have gain 12.26% over the last week, with a monthly amount glided 40.32%, and seem to be holding up well over a long-time horizon.
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On 18, March 2024, The Metals Company Fourth Quarter and Full Year 2023 Corporate Update Conference Call for Monday, March 25, 2024. In a post published today on Yahoo Finance, The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Monday, March 25, 2024, to provide an update on fourth quarter and full year financial results, and recent corporate developments.
From an analyst’s perspective:
TMC the metals company Inc [NASDAQ: TMC] stock has seen the most recent analyst activity on November 13, 2023, when Cantor Fitzgerald initiated its Buy rating and assigned the stock a price target of $4.20. Previously, Wedbush started tracking the stock with Neutral rating on November 24, 2021, and set its price target to $5. On November 12, 2021, Piper Sandler initiated with a Neutral rating and assigned a price target of $3 on the stock. The Benchmark Company started tracking the stock assigning a Hold rating.
The stock price of TMC the metals company Inc [TMC] has been fluctuating between $0.65 and $3.20 over the past year. TMC the metals company Inc [NASDAQ: TMC] shares were valued at $1.74 at the most recent close of the market.
Analyzing the TMC fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -1.28, Equity is -2.29 and Total Capital is -2.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.6700 points at the first support level, and at 1.6000 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8050, and for the 2nd resistance point, it is at 1.8700.
TMC the metals company Inc [TMC] reported earnings per share of -$0.04 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.1/share, meaning a difference of $0.06 and a surprise factor of 60.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.05 per share as compared to estimates of -$0.12 per share, a difference of $0.07 representing a surprise of 58.30%.
Ratios To Look Out For
It’s worth pointing out that TMC the metals company Inc [NASDAQ:TMC]’s Current Ratio is 1.44. On the other hand, the Quick Ratio is 1.44, and the Cash Ratio is 1.17.
Transactions by insiders
Recent insider trading involved O’Sullivan Anthony, Chief Development Officer, that happened on Nov 27 ’23 when 50000.0 shares were sold. Chief Financial Officer, Shesky Craig completed a deal on Nov 27 ’23 to sell 31057.0 shares. Meanwhile, Chief Ocean Scientist Stone Gregory sold 25000.0 shares on Nov 20 ’23.
