Q4 2024 EPS Estimates for TMC the metals company Inc. (NASDAQ:TMC) Raised by Analyst

TMC the metals company Inc. (NASDAQ:TMC) – Stock analysts at Wedbush upped their Q4 2024 earnings per share estimates for TMC the metals in a research note issued to investors on Thursday, August 15th. Wedbush analyst D. Ives now forecasts that the company will post earnings of ($0.05) per share for the quarter, up from their previous forecast of ($0.06). Wedbush currently has a “Neutral” rating and a $4.00 price target on the stock. The consensus estimate for TMC the metals’ current full-year earnings is ($0.20) per share. Wedbush also issued estimates for TMC the metals’ Q1 2025 earnings at ($0.04) EPS, Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.04) EPS and FY2025 earnings at ($0.14) EPS.

TMC the metals Price Performance

Shares of NASDAQ:TMC opened at $1.05 on Monday. The company has a market cap of $336.54 million, a P/E ratio of -3.75 and a beta of 1.69. TMC the metals has a 1 year low of $0.80 and a 1 year high of $2.07. The stock’s fifty day moving average price is $1.27 and its 200-day moving average price is $1.42.

TMC the metals (NASDAQ:TMC) last released its earnings results on Wednesday, August 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). During the same period last year, the company earned ($0.05) earnings per share.

Institutional Trading of TMC the metals

A number of hedge funds and other institutional investors have recently bought and sold shares of TMC. New Hampshire Trust purchased a new stake in TMC the metals in the second quarter worth about $543,000. Virtu Financial LLC purchased a new stake in shares of TMC the metals during the first quarter worth about $45,000. Brown Lisle Cummings Inc. grew its position in shares of TMC the metals by 100.0% during the second quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company’s stock worth $68,000 after purchasing an additional 25,000 shares in the last quarter. Sunpointe LLC purchased a new stake in shares of TMC the metals during the fourth quarter worth about $25,000. Finally, Hubbell Strickland Wealth Management LLC grew its position in shares of TMC the metals by 48.4% during the first quarter. Hubbell Strickland Wealth Management LLC now owns 39,559 shares of the company’s stock worth $57,000 after purchasing an additional 12,909 shares in the last quarter. Hedge funds and other institutional investors own 4.39% of the company’s stock.

Insider Activity

In related news, insider Anthony O’sullivan sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $1.48, for a total transaction of $37,000.00. Following the completion of the sale, the insider now owns 846,829 shares in the company, valued at $1,253,306.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 100,000 shares of company stock valued at $149,500 over the last ninety days. 30.00% of the stock is currently owned by corporate insiders.

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.