Can Buying TMC the metals company Inc (NASDAQ: TMC) Still Be Worthwhile?

TMC the metals company Inc (NASDAQ:TMC) does about 1.95M shares in volume on a normal day but saw 1975561 shares change hands in Tuesday’s trading. The company now has a market cap of 465.00M USD. Its current market price is $1.46, marking a decrease of -3.95% compared to the previous close of $1.52. The 52 week high reached by this stock is $3.20 whilst the lowest price level in 52 weeks is $0.65.

TMC the metals company Inc (TMC) has a 20-day trading average at $1.5605 and the current price is -54.37% off the 52-week high compared with 124.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.6091 and its 200-day simple moving average is $1.2743. If we look at the stock’s price movements over the week, volatility stands at 5.45%, which increases to 5.88% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.13 to suggest the stock is neutral.

The consensus objective for the share price is $4.10, suggesting that the stock has a potential upside of 64.39% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 13, 2023 when Cantor Fitzgerald initiated the stock to “Buy” and issued a price target of $4.20. Piper Sandler initiated its price target at $3.

TMC the metals company Inc (TMC) stock is down -3.95% over the week and -15.61% over the past month. Its price is 32.73% year-to-date and 104.94% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of -0.05 above consensus estimates by 0.07. The company’s next earnings report forecasts estimating quarterly EPS at -0.05 and -0.15 for whole year.

To reach the target analysts have set, the stock logically needs to grow 64.39 percent from here.

The company has a return on investment of -626.04% and return on equity of -345.10%. The beta has a value of 1.73. Price to book ratio is 256.59.