Monthly Drifts in TMC the metals company Inc (TMC) Stock: A Closer Look

TMC the metals company Inc [TMC] stock is trading at $1.05, up 2.94%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling.

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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 [TMC] stock has fluctuated between $0.80 and $2.07 over the past year. TMC the metals company Inc [NASDAQ: TMC] shares were valued at $1.05 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 -1.73, Equity is -7.18 and Total Capital is -5.61. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.07.

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 1.0233 points at the first support level, and at 0.9967 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0733, and for the 2nd resistance point, it is at 1.0967.

Ratios To Look Out For

For context, TMC the metals company Inc’s Current Ratio is 0.04. Further, the Quick Ratio stands at 0.04, while the Cash Ratio is 0.01.

Transactions by insiders

Recent insider trading involved O’Sullivan Anthony, Chief Development Officer, that happened on May 31 ’24 when 50000.0 shares were sold. Chief Development Officer, O’Sullivan Anthony completed a deal on May 29 ’24 to sell 25000.0 shares. Meanwhile, Chief Development Officer O’Sullivan Anthony sold 25000.0 shares on May 30 ’24.

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