TMTC Stock Summary and Trading Ideas (TMT Acquisition - | NASDAQ:TMTC)

TMT Acquisition Corp is a newly organized blank check company. It is formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

TMT Acquisition - trades on the NASDAQ stock market under the symbol TMTC.

As of November 8, 2024, TMTC stock price climbed to $8.40 with 11,691 million shares trading.

TMTC has a beta of 0.87, meaning it tends to be less sensitive to market movements. TMTC has a correlation of 0.05 to the broad based SPY ETF.

TMTC has a market cap of $68.38 million. This is considered a Micro Cap stock.

TMTC has underperformed the market in the last year with a price return of -19.9% while the SPY ETF gained +38.4%. TMTC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -24.4% and -27.0%, respectively, while the SPY returned +13.1% and +3.3%, respectively.

TMTC support price is $7.07 and resistance is $7.81 (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 TMTC shares will trade within this expected range on the day.