FY2024 EPS Estimates for TMC the metals Decreased by Wedbush

TMC the metals company Inc. (NASDAQ:TMC) – Wedbush dropped their FY2024 earnings estimates for shares of TMC the metals in a report released on Monday, November 18th. Wedbush analyst D. Ives now expects that the company will post earnings per share of ($0.27) for the year, down from their prior estimate of ($0.25). The consensus estimate for TMC the metals’ current full-year earnings is ($0.21) per share. Wedbush also issued estimates for TMC the metals’ Q4 2024 earnings at ($0.06) EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.13) EPS.

TMC the metals Stock Down 1.5 %

Shares of NASDAQ:TMC opened at $0.89 on Thursday. The firm has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.18. The firm has a market capitalization of $287.93 million, a P/E ratio of -2.87 and a beta of 1.69. TMC the metals has a 12-month low of $0.80 and a 12-month high of $2.07.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Old West Investment Management LLC grew its position in TMC the metals by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after purchasing an additional 796,615 shares during the last quarter. New Hampshire Trust acquired a new stake in shares of TMC the metals during the 2nd quarter valued at about $543,000. Brown Lisle Cummings Inc. boosted its position in shares of TMC the metals by 100.0% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 50,000 shares of the company’s stock valued at $68,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of TMC the metals during the 3rd quarter valued at about $44,000. Institutional investors own 4.39% of the company’s stock.

Insider Buying and Selling at TMC the metals

In related news, Director Andrew Hall sold 66,000 shares of TMC the metals stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $0.93, for a total value of $61,380.00. Following the transaction, the director now owns 182,966 shares in the company, valued at $170,158.38. This trade represents a 26.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 30.00% of the company’s stock.

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.