In yesterday’s Wall Street session, TMC the metals company Inc (NASDAQ:TMC) shares traded at $1.10, up 25.00% from the previous session.
TMC stock price is now 20.53% away from the 50-day moving average and -9.68% away from the 200-day moving average. The market capitalization of the company currently stands at $473.23M.
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With the price target of $4.20, Cantor Fitzgerald recently initiated with Buy rating for TMC the metals company Inc (NASDAQ: TMC). On November 24, 2021, Wedbush recently initiated its ‘Neutral’ rating on the stock quoting a target price of $5, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, May Brendan, Director bought 25,000 shares of the company’s stock on Dec 24 ’24. The stock was bought for $21,870 at an average price of $0.87. Upon completion of the transaction, the Director now directly owns 100,040 shares in the company, valued at $0.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 27 ’24, Chief Financial Officer Shesky Craig sold 47,523 shares of the business’s stock. A total of $40,185 was realized by selling the stock at an average price of $0.85. This leaves the insider owning 977,844 shares of the company worth $1.08 million. A total of 58.88% of the company’s stock is owned by insiders.
During the past 12 months, TMC the metals company Inc has had a low of $0.72 and a high of $2.07. The fifty day moving average price for TMC is $0.91272 and a two-hundred day moving average price translates $1.2179 for the stock.
The latest earnings results from TMC the metals company Inc (NASDAQ: TMC) was released for 2024-06-30. The company reported revenue of $19.96 million for the quarter, compared to $12.52 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 59.47 percent.
