The 36-month beta value for TROX is at 1.92. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 1 as “sell.”
The public float for TROX is 115.82M, and currently, shorts hold a 5.58% of that float. The average trading volume for TROX on April 17, 2024 was 1.14M shares.
TROX) stock’s latest price update
Tronox Holdings plc (NYSE: TROX) has experienced a decline in its stock price by -1.23 compared to its previous closing price of 16.28. However, the company has seen a fall of -5.91% in its stock price over the last five trading days. 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 -5.91% in the past week, with a monthly drop of -0.37% and a quarterly rise of 29.57%. The volatility ratio for the week is 3.23% while the volatility levels for the last 30 days are 2.89% for Tronox Holdings plc. The simple moving average for the past 20 days is -5.25% for TROX’s stock, with a 18.49% simple moving average for the past 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 3.02% 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 -10.12% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares sank -5.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.86% upper at present.
During the last 5 trading sessions, TROX fell by -5.91%, which changed the moving average for the period of 200-days by +28.43% in comparison to the 20-day moving average, which settled at $16.92. In addition, Tronox Holdings plc saw 13.56% 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 1.82. 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 conclusion, Tronox Holdings plc (TROX) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
