HC Wainwright Predicts TMC the metals FY2025 Earnings

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Investment analysts at HC Wainwright issued their FY2025 earnings estimates for shares of TMC the metals in a research report issued on Tuesday, May 20th. HC Wainwright analyst H. Ihle anticipates that the company will post earnings of ($0.28) per share for the year. HC Wainwright has a "Buy" rating and a $5.50 price objective on the stock. The consensus estimate for TMC the metals' current full-year earnings is ($0.22) per share. HC Wainwright also issued estimates for TMC the metals' FY2026 earnings at ($0.27) EPS.

TMC the metals (NASDAQ:TMC - Get Free Report) last issued its earnings results on Wednesday, May 14th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.03).

Separately, Wedbush restated a "neutral" rating and issued a $6.00 target price on shares of TMC the metals in a research note on Friday, May 16th.

TMC the metals Stock Performance

Shares of TMC the metals stock traded up $0.32 during trading on Thursday, reaching $4.62. The company had a trading volume of 11,323,565 shares, compared to its average volume of 3,144,152. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -14.90 and a beta of 1.33. The firm's fifty day moving average is $2.67 and its 200-day moving average is $1.80. TMC the metals has a fifty-two week low of $0.72 and a fifty-two week high of $4.84.

Insider Buying and Selling

In related news, CFO Craig Shesky sold 353,702 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.66, for a total transaction of $587,145.32. Following the sale, the chief financial officer now owns 1,145,717 shares in the company, valued at $1,901,890.22. This represents a 23.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Anthony O'sullivan sold 164,317 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $4.49, for a total transaction of $737,783.33. Following the sale, the insider now owns 1,125,667 shares in the company, valued at approximately $5,054,244.83. This trade represents a 12.74% decrease in their position. The disclosure for this sale can be found here. 30.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TMC. Oppenheimer & Co. Inc. bought a new position in TMC the metals in the 4th quarter worth about $28,000. SBI Securities Co. Ltd. bought a new position in TMC the metals in the 4th quarter worth about $94,000. Raymond James Financial Inc. bought a new position in TMC the metals in the 4th quarter worth about $28,000. Independent Advisor Alliance bought a new position in shares of TMC the metals in the fourth quarter valued at approximately $42,000. Finally, Gray Wealth Management Inc. boosted its holdings in shares of TMC the metals by 59.7% in the fourth quarter. Gray Wealth Management Inc. now owns 23,700 shares of the company's stock valued at $27,000 after acquiring an additional 8,863 shares in the last quarter. Institutional investors own 4.39% of the company's stock.

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 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.