TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) CFO Craig Shesky sold 353,702 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $1.66, for a total value of $587,145.32. Following the transaction, the chief financial officer now owns 1,145,717 shares in the company, valued at $1,901,890.22. The trade was a 23.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
TMC the metals Stock Performance
Shares of NASDAQ:TMC traded down $0.12 during midday trading on Friday, reaching $1.83. The company's stock had a trading volume of 3,005,608 shares, compared to its average volume of 1,685,595. The firm has a 50 day moving average price of $1.80 and a two-hundred day moving average price of $1.30. TMC the metals company Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.55. The firm has a market capitalization of $636.68 million, a price-to-earnings ratio of -5.90 and a beta of 1.46.
TMC the metals (NASDAQ:TMC - Get Free Report) last issued its quarterly earnings results on Thursday, March 27th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of ($20.18) million for the quarter. As a group, research analysts anticipate that TMC the metals company Inc. will post -0.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on TMC. Wedbush reissued a "neutral" rating and issued a $4.00 price objective on shares of TMC the metals in a report on Friday, March 28th. Alliance Global Partners began coverage on TMC the metals in a report on Wednesday, January 15th. They set a "buy" rating and a $3.75 target price on the stock.
Get Our Latest Research Report on TMC
Institutional Trading of TMC the metals
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC purchased a new stake in TMC the metals during the 3rd quarter valued at about $44,000. Tidal Investments LLC increased its position in shares of TMC the metals by 32.6% in the third quarter. Tidal Investments LLC now owns 485,332 shares of the company's stock valued at $514,000 after acquiring an additional 119,335 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of TMC the metals during the fourth quarter valued at about $28,000. SBI Securities Co. Ltd. bought a new position in TMC the metals during the 4th quarter valued at approximately $94,000. Finally, Raymond James Financial Inc. bought a new position in shares of TMC the metals during the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 4.39% of the company's stock.
TMC the metals Company Profile
(
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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.
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