The 36-month beta value for TROX is also noteworthy at 1.93. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 1 rating it as “sell.”
The public float for TROX is 115.82M, and at present, short sellers hold a 5.58% of that float. The average trading volume of TROX on April 12, 2024 was 1.15M shares.
TROX) stock’s latest price update
Tronox Holdings plc (NYSE: TROX)’s stock price has plunge by 0.30relation to previous closing price of 16.69. Nevertheless, the company has seen a -0.53% plunge in its stock price over the last five trading sessions. Benzinga reported 2024-03-04 that During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.
TROX’s Market Performance
TROX’s stock has fallen by -0.53% in the past week, with a monthly rise of 4.69% and a quarterly rise of 29.07%. The volatility ratio for the week is 2.41% while the volatility levels for the last 30 days are 2.77% for Tronox Holdings plc The simple moving average for the last 20 days is -1.20% for TROX stock, with a simple moving average of 23.92% for the last 200 days.
Analysts’ Opinion of TROX
Many brokerage firms have already submitted their reports for TROX stocks, with BMO Capital Markets repeating the rating for TROX by listing it as a “Outperform.” The predicted price for TROX in the upcoming period, according to BMO Capital Markets is $18 based on the research report published on December 18, 2023 of the previous year 2023.
JP Morgan, on the other hand, stated in their research note that they expect to see TROX reach a price target of $11, previously predicting the price at $16. The rating they have provided for TROX stocks is “Neutral” according to the report published on October 27th, 2023.
UBS gave a rating of “Neutral” to TROX, setting the target price at $15 in the report published on September 07th of the previous year.
TROX Trading at 8.23% from the 50-Day Moving Average
After a stumble in the market that brought TROX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.43% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares surge +2.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.72% upper at present.
During the last 5 trading sessions, TROX fell by -0.53%, which changed the moving average for the period of 200-days by +37.66% in comparison to the 20-day moving average, which settled at $16.96. In addition, Tronox Holdings plc saw 18.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TROX starting from Turgeon Jean Francois, who sale 51,996 shares at the price of $14.95 back on Mar 06 ’24. After this action, Turgeon Jean Francois now owns 735,647 shares of Tronox Holdings plc, valued at $777,085 using the latest closing price.
Romano John D, the Co-CEO and Director of Tronox Holdings plc, sale 42,768 shares at $14.95 during a trade that took place back on Mar 06 ’24, which means that Romano John D is holding 942,171 shares at $639,168 based on the most recent closing price.
Stock Fundamentals for TROX
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.16 for the gross margin
The net margin for Tronox Holdings plc stands at -0.11. The total capital return value is set at 0.03. Equity return is now at value -14.72, with -5.08 for asset returns.
Based on Tronox Holdings plc (TROX), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is 1.18.
Currently, EBITDA for the company is 461.0 million with net debt to EBITDA at 5.61. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 9.5for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.84.
Conclusion
In summary, Tronox Holdings plc (TROX) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
