<div id="readability-page-1"><p>TMC the metals company Inc. (NASDAQ:TMC - Get Free Report)'s stock price was down 6.1% during trading on Wednesday . The stock traded as low as $7.36 and last traded at $7.2670. Approximately 1,394,199 shares traded hands during trading, a decline of 84% from the average daily volume of 8,773,691 shares. The stock had previously closed at $7.74.</p><div><p><span></span><span>Get <strong>TMC the metals</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><p>A number of equities analysts have weighed in on the company. Weiss Ratings  restated a &#34;sell (d-)&#34; rating on shares of TMC the metals in a report on Wednesday, October 8th. Zacks Research upgraded shares of TMC the metals from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Thursday, November 13th. Finally, HC Wainwright raised their target price on TMC the metals from $7.25 to $7.50 and gave the company a &#34;buy&#34; rating in a research note on Friday, November 14th. Three research analysts have rated the stock with a Buy rating, one  has given a Hold rating and one  has given a Sell rating to the company. According to MarketBeat.com, TMC the metals currently has an average rating of &#34;Hold&#34; and an average price target of $7.42.</p><p><b>Get Our Latest Stock Analysis on TMC the metals</b></p><h2>TMC the metals Stock Performance</h2><p>The company's fifty day simple moving average is $7.03 and its two-hundred day simple moving average is $6.24. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of -9.28 and a beta of 1.82. </p><p>TMC the metals (NASDAQ:TMC - Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.08).  Sell-side analysts anticipate that  TMC the metals company Inc. will post -0.22 EPS for the current year. </p><h2>Insider Activity at TMC the metals</h2><p>In other news, insider Anthony O'sullivan sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $6.77, for a total value of $338,500.00. Following the completion of the sale, the insider directly owned 2,025,667 shares in the company, valued at approximately $13,713,765.59. The trade was a 2.41% decrease in their position. The sale was disclosed in a legal filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, insider Erika Ilves sold 1,591,485 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $5.77, for a total transaction of $9,182,868.45. Following the sale, the insider directly owned 1,145,792 shares in the company, valued at $6,611,219.84. This trade represents a 58.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,691,485 shares of company stock valued at $9,846,868. Insiders own  27.60% of the company's stock. </p><h2>Institutional Inflows and Outflows</h2><p>A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. acquired a new position in shares of  TMC the metals during the first quarter worth approximately $211,000.  Baird Financial Group Inc. boosted its position in  TMC the metals by 35.1% during the 1st quarter. Baird Financial Group Inc. now owns 2,946,027 shares of the company's stock worth $5,067,000 after acquiring an additional 766,167 shares during the period.  Old West Investment Management LLC boosted its position in  TMC the metals by 100.0% during the 1st quarter. Old West Investment Management LLC now owns 4,270,076 shares of the company's stock worth $7,345,000 after acquiring an additional 2,135,038 shares during the period.  Mirador Capital Partners LP acquired a new position in shares of  TMC the metals during the second quarter valued at $731,000.  Finally, Abacus Wealth Partners LLC raised its stake in shares of  TMC the metals by 187.5% during the second quarter. Abacus Wealth Partners LLC now owns 92,000 shares of the company's stock valued at $607,000 after purchasing an additional 60,000 shares in the last quarter. 4.39% of the stock is owned by institutional investors and hedge funds. </p><h2>About TMC the metals</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than TMC the metals</li><li>Short Selling - The Pros and Cons </li><li>Apple Stock Could Surge on Record iPhone Sales and Bold AI Strategy</li><li>3 Natural Gas Stocks That Offer Great Dividend Yields</li><li>Dividend Growth Is Heating Up: 3 Stocks With Steady Payout Gains</li><li>The 3 Best Retail Stocks to Shop for in August</li><li>Why AutoZone’s Stock Drop Could Be a Golden Buying Opportunity</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in TMC the metals Right Now?</h2><p>Before you consider TMC the metals, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TMC the metals wasn't on the list.</p><p>While TMC the metals currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>TMC the metals (NASDAQ:TMC) shares fell 6.1% during trading, with the stock trading as low as $7.36. The decline occurred amid a significant drop in trading volume, down 84% from the average. Analysts have mixed ratings on the stock, with some upgrading it to 'hold' and others maintaining a 'buy' rating. Insider trading activity was noted, with significant share sales by company insiders. Institutional investors have shown interest, with some increasing their holdings. TMC focuses on deep-sea mineral exploration, particularly in the Pacific Ocean's Clarion Clipperton Zone.</p>

TMC the metals (NASDAQ:TMC) Shares Down 6.1% - Here's What Happened