TMC the metals company Inc. Forecasted to Post Q1 2025 Earnings of ($0.01) Per Share (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC - Free Report) - Wedbush issued their Q1 2025 earnings estimates for shares of TMC the metals in a research report issued to clients and investors on Wednesday, March 27th. Wedbush analyst D. Ives forecasts that the company will post earnings per share of ($0.01) for the quarter. The consensus estimate for TMC the metals' current full-year earnings is ($0.34) per share. Wedbush also issued estimates for TMC the metals' Q2 2025 earnings at ($0.02) EPS, Q3 2025 earnings at ($0.02) EPS and Q4 2025 earnings at ($0.02) EPS.

TMC the metals Stock Performance

Shares of TMC traded up $0.09 during mid-day trading on Thursday, reaching $1.43. The stock had a trading volume of 2,331,200 shares, compared to its average volume of 1,861,560. The firm has a market cap of $436.38 million, a price-to-earnings ratio of -6.70 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 has a fifty day moving average of $1.40 and a 200 day moving average of $1.20.

Insider Activity

In other TMC the metals news, CFO Craig Shesky sold 233,424 shares of the business's stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $1.61, for a total value of $375,812.64. Following the sale, the chief financial officer now owns 947,242 shares in the company, valued at approximately $1,525,059.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 31.30% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. boosted its stake in shares of TMC the metals by 393.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 24,040 shares of the company's stock worth $62,000 after purchasing an additional 19,165 shares during the period. Citigroup Inc. raised its holdings in shares of TMC the metals by 46.1% in the first quarter. Citigroup Inc. now owns 61,937 shares of the company's stock worth $160,000 after buying an additional 19,545 shares during the period. Bank of Montreal Can lifted its stake in shares of TMC the metals by 5,685.4% during the 1st quarter. Bank of Montreal Can now owns 607,470 shares of the company's stock worth $1,331,000 after acquiring an additional 596,970 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of TMC the metals by 7,391.3% during the first quarter. Baird Financial Group Inc. now owns 1,198,600 shares of the company's stock valued at $3,104,000 after purchasing an additional 1,182,600 shares during the period. Finally, Luminus Management LLC purchased a new position in shares of TMC the metals during the first quarter worth approximately $971,000. Hedge funds and other 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 the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. It primarily explores for nickel, cobalt, copper, and manganese products.