FY2024 EPS Estimates for TMC the metals company Inc. Raised by Edison Inv. Res (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) – Equities researchers at Edison Inv. Res lifted their FY2024 earnings estimates for TMC the metals in a report released on Wednesday, April 3rd. Edison Inv. Res analyst D. Larkam now expects that the company will post earnings per share of ($0.16) for the year, up from their previous forecast of ($0.17). The consensus estimate for TMC the metals’ current full-year earnings is ($0.20) per share. Edison Inv. Res also issued estimates for TMC the metals’ FY2025 earnings at ($0.12) EPS and FY2026 earnings at ($0.09) EPS.

TMC the metals Trading Up 1.8 %

Shares of TMC stock opened at $1.71 on Monday. The company has a market cap of $544.21 million, a PE ratio of -8.55 and a beta of 1.82. TMC the metals has a 12-month low of $0.65 and a 12-month high of $3.20. The business’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $1.23.

Hedge Funds Weigh In On TMC the metals

A number of institutional investors have recently bought and sold shares of the business. Sunpointe LLC purchased a new stake in shares of TMC the metals in the fourth quarter worth about $25,000. Bank of New York Mellon Corp purchased a new position in shares of TMC the metals during the 2nd quarter valued at approximately $27,000. Royal Bank of Canada acquired a new position in shares of TMC the metals in the 1st quarter valued at $27,000. Walleye Trading LLC purchased a new stake in TMC the metals during the first quarter worth $28,000. Finally, Founders Financial Securities LLC boosted its holdings in TMC the metals by 93.8% during the third quarter. Founders Financial Securities LLC now owns 31,000 shares of the company’s stock worth $31,000 after buying an additional 15,000 shares in the last quarter. 4.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at TMC the metals

In other TMC the metals news, insider Anthony O’sullivan sold 50,000 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $1.33, for a total value of $66,500.00. Following the completion of the sale, the insider now owns 946,829 shares of the company’s stock, valued at $1,259,282.57. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Craig Shesky sold 233,424 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $1.61, for a total value of $375,812.64. Following the transaction, the chief financial officer now directly owns 947,242 shares of the company’s stock, valued at $1,525,059.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Anthony O’sullivan sold 50,000 shares of TMC the metals stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $1.33, for a total value of $66,500.00. Following the sale, the insider now directly owns 946,829 shares of the company’s stock, valued at approximately $1,259,282.57. The disclosure for this sale can be found here. 31.30% of the stock is currently owned by corporate insiders.

About TMC the metals

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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.