TMC Stock Summary and Trading Ideas (TMC Metals | NASDAQ:TMC)

TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Geographically, the company has its presence in Nauru, Singapore, Tonga and North America. The CCZ is a geological submarine fracture zone of abyssal plains and other formations in the Eastern Pacific Ocean, with a length of around 7,240 kilometers (4,500 miles) that spans approximately 4,500,000 square kilometers (1,700,000 square miles).

TMC Metals trades on the NASDAQ stock market under the symbol TMC.

As of November 14, 2024, TMC stock price declined to $0.93 with 322,878 million shares trading.

TMC has a beta of 0.64, meaning it tends to be less sensitive to market movements. TMC has a correlation of 0.01 to the broad based SPY ETF.

TMC has a market cap of $301.31 million. This is considered a Small Cap stock.

In the last 3 years, TMC traded as high as $3.99 and as low as $.51.

The top ETF exchange traded funds that TMC belongs to (by Net Assets): SPDW, CCSO.

TMC has underperformed the market in the last year with a price return of -8.8% while the SPY ETF gained +37.2%. TMC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.1% and -4.6%, respectively, while the SPY returned +10.4% and +2.9%, respectively.

TMC support price is $.93 and resistance is $.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TMC shares will trade within this expected range on the day.