The price of TMC the metals company Inc (NASDAQ:TMC) shares last traded on Wall Street rose 20.77% to $1.57.
TMC stock price is now 63.54% away from the 50-day moving average and 31.43% away from the 200-day moving average. The market capitalization of the company currently stands at $540.33M.
With the price target of $3.75, Alliance Global Partners recently initiated with Buy rating for TMC the metals company Inc (NASDAQ: TMC). On November 13, 2023, Cantor Fitzgerald recently initiated its ‘Buy’ rating on the stock quoting a target price of $4.20, while ‘Wedbush’ rates the stock as ‘Neutral’
In other news, ILVES Erika, Chief Strategy Officer sold 217,099 shares of the company’s stock on Dec 30 ’24. The stock was sold for $240,980 at an average price of $1.11. Upon completion of the transaction, the Chief Strategy Officer now directly owns 998,170 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 24 ’24, Director May Brendan bought 25,000 shares of the business’s stock. A total of $21,870 was incurred on buying the stock at an average price of $0.87. This leaves the insider owning 100,040 shares of the company worth $0.16 million. A total of 58.79% 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 $0.94852 and a two-hundred day moving average price translates $1.193925 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.
