Free Trial

TMC the metals (NASDAQ:TMC) Shares Gap Up - Time to Buy?

TMC the metals logo with Basic Materials background
Remove Ads

TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $1.45, but opened at $1.52. TMC the metals shares last traded at $1.57, with a volume of 887,711 shares traded.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on TMC the metals in a research note on Wednesday, January 15th. They set a "buy" rating and a $3.75 target price on the stock.

Get Our Latest Stock Report on TMC

TMC the metals Price Performance

The stock has a 50-day moving average price of $1.10 and a two-hundred day moving average price of $1.05. The stock has a market cap of $528.54 million, a PE ratio of -5.26 and a beta of 1.49.

Insider Activity at TMC the metals

In related news, insider Erika Ilves sold 217,099 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $1.11, for a total transaction of $240,979.89. Following the transaction, the insider now directly owns 998,170 shares in the company, valued at approximately $1,107,968.70. This represents a 17.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Craig Shesky sold 47,523 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $0.85, for a total transaction of $40,394.55. Following the completion of the sale, the chief financial officer now directly owns 977,844 shares of the company's stock, valued at approximately $831,167.40. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 330,622 shares of company stock valued at $342,754 over the last 90 days. 30.00% of the stock is owned by corporate insiders.

Remove Ads

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TMC. Virtu Financial LLC bought a new position in TMC the metals in the 3rd quarter worth about $44,000. Tidal Investments LLC boosted its holdings 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 purchasing an additional 119,335 shares during the period. Finally, Old West Investment Management LLC grew its stake in TMC the metals by 100.0% in the third quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company's stock worth $1,689,000 after purchasing an additional 796,615 shares in the last quarter. Hedge funds and other institutional investors own 4.39% of the company's stock.

TMC the metals Company Profile

(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.

Featured Stories

Should You Invest $1,000 in TMC the metals Right Now?

Before you consider TMC the metals, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TMC the metals wasn't on the list.

While TMC the metals currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Institutions Are Dumping These 3 Stocks—Should You?
Will Tesla’s Robot Future Save Its Falling Stock?
NVIDIA’s Dip Is a Gift—Here’s Why It Won’t Last

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads