A share price of TMC the metals company Inc [TMC] is currently trading at $1.69, saw in change for the day. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TMC shares have gain 18.18% over the last week, with a monthly amount glided 18.18%, and seem to be holding up well over a long-time horizon.
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On 25, March 2024, TMC Announces Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and fourth quarter and full year financial results for the period ending December 31, 2023.
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.
TMC the metals company Inc experienced fluctuations in its stock price throughout the past year between $0.65 and $3.20. TMC the metals company Inc [NASDAQ: TMC] shares were valued at $1.69 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 -0.79, Equity is -1.32 and Total Capital is -2.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.28.
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 1.6367 points at the first support level, and at 1.5833 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7267, and for the 2nd resistance point, it is at 1.7633.
TMC the metals company Inc [TMC] reported earnings per share of -$0.17 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.16/share, meaning a difference of -$0.01 and a surprise factor of -6.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.04 per share as compared to estimates of -$0.1 per share, a difference of $0.06 representing a surprise of 60.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TMC the metals company Inc [NASDAQ:TMC] is 0.28. As well, the Quick Ratio is 0.28, while the Cash Ratio is 0.22.
Transactions by insiders
Recent insider trading involved O’Sullivan Anthony, Chief Development Officer, that happened on Mar 28 ’24 when 50000.0 shares were sold. Chief Financial Officer, Shesky Craig completed a deal on Mar 22 ’24 to sell 0.23 million shares. Meanwhile, Chief Ocean Scientist Stone Gregory sold 25000.0 shares on Dec 22 ’23.
