Tronox Holdings plc (NYSE: TROX)’s stock price has soared by 5.87 in relation to previous closing price of 16.19. Nevertheless, the company has seen a gain of 5.28% 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.
Is It Worth Investing in Tronox Holdings plc (NYSE: TROX) Right Now?
The stock has a 36-month beta value of 1.91. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 1 as “sell.”
The public float for TROX is 115.82M, and at present, short sellers hold a 5.58% of that float. On April 23, 2024, the average trading volume of TROX was 1.14M shares.
TROX’s Market Performance
TROX stock saw an increase of 5.28% in the past week, with a monthly gain of 0.71% and a quarterly increase of 32.87%. The volatility ratio for the week is 3.93%, and the volatility levels for the last 30 days are 2.89% for Tronox Holdings plc (TROX). The simple moving average for the past 20 days is 2.10% for TROX’s stock, with a 25.66% 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 8.56% 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 -4.19% of loss for the given period.
Volatility was left at 2.89%, however, over the last 30 days, the volatility rate increased by 3.93%, as shares surge +1.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.06% upper at present.
During the last 5 trading sessions, TROX rose by +5.28%, which changed the moving average for the period of 200-days by +40.84% in comparison to the 20-day moving average, which settled at $16.80. In addition, Tronox Holdings plc saw 21.05% 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 1.88. 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
To sum up, Tronox Holdings plc (TROX) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
