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How Will TMC the metals company Inc. (NASDAQ: TMC) Look After It Drops -1351.89% From Its Highs?

During the last session, TMC the metals company Inc. (NASDAQ:TMC)’s traded shares were 0.87 million. At the end of the trading day, the stock’s price…

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This article was originally published by The Marketing Sentinal

During the last session, TMC the metals company Inc. (NASDAQ:TMC)’s traded shares were 0.87 million. At the end of the trading day, the stock’s price was $1.06, reflecting an intraday loss of -0.93% or -$0.01. The 52-week high for the TMC share is $15.39, that puts it down -1351.89 from that peak though still a striking 5.66% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $219.41M, and the average trade volume was 3.44 million shares over the past three months.

TMC the metals company Inc. (NASDAQ:TMC) trade information

TMC the metals company Inc. (TMC) registered a -0.93% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.93% in intraday trading to $1.06 this Friday, 06/24/22, hitting a weekly high. The stock’s 5-day price performance is 2.91%, and it has moved by -20.30% in 30 days. Based on these gigs, the overall price performance for the year is -89.35%.

The consensus price target of analysts on Wall Street is $13.50, which implies an increase of 92.15% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.00 and $24.00 respectively. As a result, TMC is trading at a discount of -2164.15% off the target high and -183.02% off the low.

TMC the metals company Inc. (TMC) estimates and forecasts

Statistics show that TMC the metals company Inc. has outperformed its competitors in share price, compared to the industry in which it operates. TMC the metals company Inc. (TMC) shares have gone down -52.47% during the last six months, with a year-to-date growth rate more than the industry average at 44.93% against 19.70.

While earnings are projected to return -174.30% in 2022.

TMC Dividends

TMC the metals company Inc. is due to release its next quarterly earnings in July. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

TMC the metals company Inc. (NASDAQ:TMC)’s Major holders

TMC the metals company Inc. insiders own 45.96% of total outstanding shares while institutional holders control 5.07%, with the float percentage being 9.39%. Susquehanna International Group, LLP is the largest shareholder of the company, while 60 institutions own stock in it. As of Dec 30, 2021, the company held over 1.07 million shares (or 0.47% of all shares), a total value of $2.22 million in shares.

The next largest institutional holding, with 1.07 million shares, is of Susquehanna International Group, LLP’s that is approximately 0.47% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $2.22 million.

Also, the Mutual Funds coming in first place with the largest holdings of TMC the metals company Inc. (TMC) shares are Amplify Lithium & Battery Technology ETF and U.S. Global Investors Fund-Global Resources Fund. Data provided on Jan 30, 2022 indicates that Amplify Lithium & Battery Technology ETF owns about 0.47 million shares. This amounts to just over 0.21 percent of the company’s overall shares, with a $0.72 million market value. The same data shows that the other fund manager holds slightly less at 0.2 million, or about 0.09% of the stock, which is worth about $0.42 million.


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