TMC the metals company Inc. (NASDAQ:TMC - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $3.69, but opened at $3.50. TMC the metals shares last traded at $3.25, with a volume of 5,916,633 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on TMC shares. Wedbush reiterated a "neutral" rating and set a $4.00 target price 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 issued a "buy" rating and a $3.75 price objective for the company.
Check Out Our Latest Research Report on TMC the metals
TMC the metals Stock Down 15.2 %
The business has a fifty day moving average of $2.01 and a 200 day moving average of $1.44. The firm has a market cap of $1.09 billion, a P/E ratio of -10.11 and a beta of 1.46.
TMC the metals (NASDAQ:TMC - Get Free Report) last posted its earnings results on Thursday, March 27th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of ($20.18) million for the quarter. Research analysts expect that TMC the metals company Inc. will post -0.22 EPS for the current year.
Insider Transactions at TMC the metals
In related news, CFO Craig Shesky sold 353,702 shares of the business's 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 completion of the sale, the chief financial officer now directly 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 SEC, which is available through the SEC website. 30.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TMC the metals
A number of hedge funds and other institutional investors have recently modified their holdings of the company. First Manhattan CO. LLC. boosted its holdings in TMC the metals by 115.2% in the 4th quarter. First Manhattan CO. LLC. now owns 18,726,800 shares of the company's stock valued at $20,974,000 after purchasing an additional 10,025,000 shares during the period. Jane Street Group LLC boosted its stake in shares of TMC the metals by 7,330.9% in the fourth quarter. Jane Street Group LLC now owns 1,345,812 shares of the company's stock valued at $1,507,000 after buying an additional 1,364,424 shares during the period. Old West Investment Management LLC grew its position in TMC the metals by 168.0% during the fourth quarter. Old West Investment Management LLC now owns 2,135,038 shares of the company's stock worth $2,391,000 after buying an additional 1,338,423 shares in the last quarter. Shay Capital LLC increased its stake in TMC the metals by 965.6% during the 4th quarter. Shay Capital LLC now owns 932,404 shares of the company's stock worth $1,044,000 after acquiring an additional 844,904 shares during the period. Finally, Tidal Investments LLC raised its holdings in TMC the metals by 32.6% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 4.39% of the company's stock.
About TMC the metals
(
Get Free Report)
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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