TMC the metals Target of Unusually Large Options Trading (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) was the recipient of unusually large options trading activity on Friday. Traders bought 11,817 put options on the stock. This represents an increase of approximately 226% compared to the typical volume of 3,622 put options.

Insider Buying and Selling

In other news, insider Erika Ilves sold 217,099 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $1.11, for a total transaction of $240,979.89. Following the sale, the insider now owns 998,170 shares in the company, valued at approximately $1,107,968.70. The trade was a 17.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in TMC. Tidal Investments LLC boosted its position in shares of TMC the metals by 11.9% in the 4th quarter. Tidal Investments LLC now owns 542,938 shares of the company’s stock valued at $608,000 after purchasing an additional 57,606 shares during the period. Shay Capital LLC boosted its stake in TMC the metals by 965.6% during the fourth quarter. Shay Capital LLC now owns 932,404 shares of the company’s stock worth $1,044,000 after buying an additional 844,904 shares in the last quarter. First Manhattan CO. LLC. raised its holdings in shares of TMC the metals by 115.2% in the 4th quarter. First Manhattan CO. LLC. now owns 18,726,800 shares of the company’s stock worth $20,974,000 after buying an additional 10,025,000 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of TMC the metals by 7,330.9% in the 4th quarter. Jane Street Group LLC now owns 1,345,812 shares of the company’s stock valued at $1,507,000 after purchasing an additional 1,364,424 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of TMC the metals during the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

Wall Street Analysts Forecast Growth

TMC has been the subject of several recent research reports. Wedbush reaffirmed a “neutral” rating and set a $4.00 target price on shares of TMC the metals in a report on Friday. Alliance Global Partners assumed coverage on shares of TMC the metals in a research note on Wednesday, January 15th. They issued a “buy” rating and a $3.75 price target on the stock.

TMC the metals Price Performance

Shares of TMC stock traded up $0.02 during mid-day trading on Friday, hitting $1.72. The stock had a trading volume of 5,791,070 shares, compared to its average volume of 1,612,022. TMC the metals has a fifty-two week low of $0.72 and a fifty-two week high of $2.55. The firm has a market cap of $557.73 million, a PE ratio of -5.79 and a beta of 1.52. The company’s 50-day simple moving average is $1.78 and its 200-day simple moving average is $1.26.

TMC the metals (NASDAQ:TMC) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of ($20.18) million during the quarter. On average, analysts expect that TMC the metals will post -0.22 EPS for the current year.

TMC the metals Company Profile

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.