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TMC the metals company (TMC) stock forecast for 2024
Updated: April 16, 2024 (15:01)
Sector: Basic materialsThe share price of TMC the metals company Inc. (TMC) now
50/200 Day Moving Average: $1.492 / $1.312
This figure corresponds to the Average Price over the previous 50/200 days. For TMC the metals company stocks, the 50-day moving average is the resistance level today.
For TMC the metals company stocks, the 200-day moving average is the resistance level today.
Are you interested in TMC the metals company Inc. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the TMC the metals company stock price in 2024. How much will one TMC the metals company share be worth in 2024? Is it worth taking profit / loss on TMC stock now or waiting? What are analysts' forecasts for TMC the metals company stock?
We forecast TMC the metals company stock performance using neural networks based on historical data on TMC stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. This corporation stock prediction results are shown below and presented as a graph, table and text information.
TMC the metals company Inc. stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for TMC the metals company analysts is $4.38. Today 200 Day Moving Average is the support level (1.312 $). 50 Day Moving Average is the resistance level (1.492 $).
Historical and forecast chart of TMC the metals company Inc. stock
The chart below shows the historical price of TMC the metals company stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the TMC stock price can be found in the table below.
TMC the metals company Inc. engages in the exploration of battery-grade metals. It primarily explores for nickel sulfate, cobalt sulfate, copper, and manganese products. The company, through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean. TMC the metals company Inc. was founded in 2021 and is based in Vancouver, Canada.
TMC the metals company (TMC) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| May | 1.65 | 1.51 | 1.82 | 16.63 % |
| Jun | 1.50 | 1.33 | 1.60 | 16.92 % |
| Jul | 1.46 | 1.32 | 1.63 | 19.32 % |
| Aug | 1.31 | 1.10 | 1.43 | 22.68 % |
| Sep | 1.19 | 1.14 | 1.34 | 14.63 % |
| Oct | 1.13 | 1.03 | 1.25 | 17.86 % |
| Nov | 1.21 | 1.05 | 1.35 | 22.07 % |
| Dec | 1.33 | 1.11 | 1.39 | 19.95 % |
TMC the metals company information and performance
595 HOWE STREET, 10TH FLOOR, VANCOUVER, BC, CA
Market capitalization of the TMC the metals company Inc. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of TMC shares in the company outstanding by the market price of one share.
EBITDA of TMC the metals company is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
TMC the metals company price target for 2024 by month
Target values for the price of one TMC the metals company share for May 2024.
In May, the Positive dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 16.629% volatility is expected.
Pessimistic target level: 1.51
Optimistic target level: 1.82
Target values for the price of one TMC the metals company share for Jun 2024.
In Jun, the Negative dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 16.923% volatility is expected.
Pessimistic target level: 1.33
Optimistic target level: 1.60
Target values for the price of one TMC the metals company share for Jul 2024.
In Jul, the Negative dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 19.318% volatility is expected.
Pessimistic target level: 1.32
Optimistic target level: 1.63
Target values for the price of one TMC the metals company share for Aug 2024.
In Aug, the Negative dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 22.684% volatility is expected.
Pessimistic target level: 1.10
Optimistic target level: 1.43
Target values for the price of one TMC the metals company share for Sep 2024.
In Sep, the Negative dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 14.629% volatility is expected.
Pessimistic target level: 1.14
Optimistic target level: 1.34
Target values for the price of one TMC the metals company share for Oct 2024.
In Oct, the Negative dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 17.864% volatility is expected.
Pessimistic target level: 1.03
Optimistic target level: 1.25
Target values for the price of one TMC the metals company share for Nov 2024.
In Nov, the Positive dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 22.068% volatility is expected.
Pessimistic target level: 1.05
Optimistic target level: 1.35
Target values for the price of one TMC the metals company share for Dec 2024.
In Dec, the Positive dynamics for TMC the metals company Inc. shares will prevail with possible monthly volatility of 19.952% volatility is expected.
Pessimistic target level: 1.11
Optimistic target level: 1.39
