Key Points
- Anthony O'Sullivan, an insider at TMC the metals (NASDAQ:TMC), sold 50,000 shares on Nov 28 at an average $6.51 (~$325,500) and another 50,000 on Dec 2 at $6.77 (~$338,500), totaling about $664,000 in sales.
- TMC reported quarterly EPS of ($0.14), missing estimates, and trades with a negative P/E and a $3.06 billion market cap; analysts' consensus is a "Hold" with an average target of $7.42 (three Buys, one Hold, one Sell).
TMC the metals company Inc. (NASDAQ:TMC - Get Free Report) insider Anthony O'sullivan sold 50,000 shares of the firm's stock in a transaction dated Friday, November 28th. The shares were sold at an average price of $6.51, for a total value of $325,500.00. Following the sale, the insider directly owned 2,075,667 shares in the company, valued at approximately $13,512,592.17. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Anthony O'sullivan also recently made the following trade(s):
- On Tuesday, December 2nd, Anthony O'sullivan sold 50,000 shares of TMC the metals stock. The stock was sold at an average price of $6.77, for a total value of $338,500.00.
TMC the metals Stock Performance
Shares of NASDAQ:TMC opened at $7.40 on Wednesday. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of -9.61 and a beta of 1.82. The firm has a fifty day moving average price of $6.89 and a 200 day moving average price of $6.12. TMC the metals company Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $11.35.
TMC the metals (NASDAQ:TMC - Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08). As a group, research analysts predict that TMC the metals company Inc. will post -0.22 earnings per share for the current year.
Institutional Investors Weigh In On TMC the metals
Several institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new position in shares of TMC the metals in the 2nd quarter worth approximately $28,000. Wolverine Asset Management LLC raised its holdings in TMC the metals by 752.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 4,945 shares of the company's stock valued at $33,000 after buying an additional 4,365 shares during the period. Sunbelt Securities Inc. bought a new stake in TMC the metals in the third quarter worth $34,000. KBC Group NV purchased a new position in TMC the metals during the second quarter worth $37,000. Finally, Quantbot Technologies LP bought a new position in TMC the metals during the second quarter valued at $48,000. 4.39% of the stock is owned by institutional investors.
Analysts Set New Price Targets
TMC has been the subject of a number of research reports. HC Wainwright increased their price target on TMC the metals from $7.25 to $7.50 and gave the company a "buy" rating in a research note on Friday, November 14th. Zacks Research upgraded TMC the metals from a "strong sell" rating to a "hold" rating in a research report on Thursday, November 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of TMC the metals in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, TMC the metals presently has an average rating of "Hold" and an average target price of $7.42.
View Our Latest Research Report on TMC the metals
About TMC the metals
(
Get Free Report)
TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.
Further Reading
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