TMC the metals (TMC) to Release Quarterly Earnings on Monday

TMC the metals (NASDAQ:TMC - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Monday, May 12th. Analysts expect TMC the metals to post earnings of ($0.03) per share for the quarter.

TMC the metals (NASDAQ:TMC - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.01. The business had revenue of ($20.18) million during the quarter. On average, analysts expect TMC the metals to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

TMC the metals Stock Performance

TMC the metals stock traded up $0.07 during mid-day trading on Friday, reaching $3.11. The company's stock had a trading volume of 4,104,913 shares, compared to its average volume of 2,759,420. The business's 50 day simple moving average is $2.27 and its 200 day simple moving average is $1.60. TMC the metals has a 12 month low of $0.72 and a 12 month high of $3.80. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -10.03 and a beta of 1.33.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TMC. Wedbush reaffirmed a "neutral" rating and issued a $4.00 target price on shares of TMC the metals in a research report on Friday, March 28th. Alliance Global Partners initiated coverage on TMC the metals in a research note on Wednesday, January 15th. They set a "buy" rating and a $3.75 price objective on the stock.

Insider Activity

In related news, CFO Craig Shesky sold 353,702 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.66, for a total transaction of $587,145.32. Following the transaction, the chief financial officer now directly owns 1,145,717 shares of the company's stock, valued at approximately $1,901,890.22. The trade was a 23.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 30.00% 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.