TMC the metals company Inc. (NASDAQ:TMC – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $3.84 and last traded at $3.8150, with a volume of 1356112 shares. The stock had previously closed at $4.11.
Analyst Ratings Changes
Several analysts recently commented on the company. Maxim Group assumed coverage on TMC the metals in a research note on Thursday, June 4th. They issued a “buy” rating and a $10.00 price target on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of TMC the metals in a research note on Monday, April 20th. HC Wainwright reiterated a “buy” rating and issued a $11.75 price objective on shares of TMC the metals in a research report on Tuesday, June 2nd. Wedbush lifted their target price on shares of TMC the metals from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded TMC the metals from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, TMC the metals has a consensus rating of “Hold” and a consensus target price of $10.58.
Get Our Latest Stock Analysis on TMC
TMC the metals Stock Down 0.5%
TMC the metals (NASDAQ:TMC – Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Sell-side analysts predict that TMC the metals company Inc. will post -0.31 EPS for the current fiscal year.
Insider Buying and Selling at TMC the metals
In other news, Director Brendan May sold 20,768 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $6.42, for a total transaction of $133,330.56. Following the sale, the director owned 193,346 shares in the company, valued at $1,241,281.32. This represents a 9.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 28.50% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of TMC. NewEdge Advisors LLC acquired a new position in shares of TMC the metals during the 2nd quarter worth approximately $28,000. Osterweis Capital Management Inc. acquired a new position in shares of TMC the metals in the 4th quarter valued at approximately $29,000. Caitong International Asset Management Co. Ltd bought a new stake in TMC the metals during the fourth quarter worth $29,000. Sunbelt Securities Inc. acquired a new position in shares of TMC the metals during the 3rd quarter worth $34,000. Finally, Farther Finance Advisors LLC raised its stake in TMC the metals by 465.8% during the fourth quarter. Farther Finance Advisors LLC now owns 5,686 shares of the company’s stock worth $35,000 after acquiring an additional 4,681 shares in the last quarter. 4.39% of the stock is currently owned by institutional investors and hedge funds.
TMC the metals Company Profile
TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, energy transmission, manganese alloy production required for steel production, and other applications.
Read More
- Five stocks we like better than TMC the metals
- MarketBeat Week in Review – 07/13- 07/17
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
Receive News & Ratings for TMC the metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TMC the metals and related companies with MarketBeat.com's FREE daily email newsletter.
