First Manhattan Co. has recently announced that it has increased stake in TMC the metals company Inc. (NASDAQ:TMC) by 9.04%. After grabbing 5.91 million shares, the institutional investor is now in possession of 0.49 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 2.13% having worth around $4.81 million. Moreover, Robert W. Baird & Co., Inc. increased its share by 0.33 million to have a control over 1.73 million shares. And Ronit Capital LLP raised its holdings to 1.41 million shares by acquiring 1.71 million shares or 0.62% of the stake.
TMC the metals company Inc. (TMC) concluded trading on 05/24/23 at a closing price of $0.72, with 1.28 million shares of worth about $0.92 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.99% during that period and on Wednesday the price saw a loss of about -1.72%. Currently the company’s common shares owned by public are about 272.03M shares, out of which, 167.16M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 31 times over the past 12 months. They bought 10,562,312 shares in 22 of the transactions. In 9 selling transactions, insiders dumped 606,912 shares.
Fidelity Nasdaq Composite Index F, R-co Thematic Gold Mining, and Horizons Copper Producers Index E are the top 3 mutual funds which are holding stakes in TMC the metals company Inc. Fidelity Nasdaq Composite Index F is currently holding 0.14 million shares of worth totaling $0.12 million. The company recently came buying 0.0 shares which brought its stake up to 0.05% of the company’s outstanding shares. Horizons Copper Producers Index E, after buying 32869.0 shares, have now control over 0.01% of the stake in the company. It holds 0.0 shares of worth $26755.0.
Stock saw a price change of -2.01% in past 5 days and over the past one month there was a price change of -20.41%. Year-to-date (YTD), TMC shares are showing a performance of -6.97% which decreased to -49.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.51 but also hit the highest price of $1.61 during that period. The average intraday trading volume for TMC the metals company Inc. shares is 901.51K. The stock is currently trading -5.98% below its 20-day simple moving average (SMA20), while that difference is down -10.57% for SMA50 and it goes to -20.36% lower than SMA200.
First Manhattan Co. acquired 5.91 million shares of TMC the metals company Inc. having value of about $4.81 million. Data submitted at the U.S SEC by First Manhattan Co. revealed that the firm now holds 0.49 million shares in the company valued at close to $352800.0, or have control over 9.04% stake in the company. TMC the metals company Inc. (NASDAQ: TMC) currently have 272.03M outstanding shares and institutions hold larger chunk of about 11.90% of that. Holding of mutual funds in the company is about 27.27% while other institutional holders and individual stake holders have control over 4.43% and 0.11% of the stake respectively.
The stock has a current market capitalization of $210.67M. It has posted earnings per share of -$0.58 in the same period. It has Quick Ratio of 1.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TMC, volatility over the week remained 4.04% while standing at 5.21% over the month.
Analysts are in expectations that TMC the metals company Inc. (TMC) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.12 and it is -$0.09 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.12 which is -$0.12 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -3.40% while it is estimated to increase by 64.00% in next year.
