Overall market sentiment has been down on TMC the metals company Inc (TMC) stock lately. TMC receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
TMC the metals company Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on TMC!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With TMC Stock Today?
TMC the metals company Inc (TMC) stock is trading at $0.96 as of 10:35 AM on Thursday, Jun 30, a drop of -$0.04, or -3.59% from the previous closing price of $1.00. The stock has traded between $0.96 and $1.03 so far today. Volume today is light. So far 361,959 shares have traded compared to average volume of 880,293 shares.
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More About TMC the metals company Inc
TMC The Metals Co Inc is an explorer of lower-impact battery metals from seafloor polymetallic nodules. It supplies metals for the clean energy transition with the least possible negative environmental and social impact and accelerates the transition to a circular metal economy. The company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati, and the Kingdom of Tonga.
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