The stock of Tronox Holdings plc (NYSE: TROX) has increased by 4.51 when compared to last closing price of 11.08. Despite this, the company has experienced a 4.80% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-30 that STAMFORD, Conn., Oct. 30, 2024 /PRNewswire/ — Tronox Holdings plc (NYSE: TROX), the world’s leading integrated manufacturer of titanium dioxide pigment, announced today that its Board of Directors declared a quarterly dividend of $0.125 per share.
Is It Worth Investing in Tronox Holdings plc (NYSE: TROX) Right Now?
Moreover, the 36-month beta value for TROX is 1.59. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for TROX is 117.31M and currently, short sellers hold a 5.44% of that float. On November 20, 2024, TROX’s average trading volume was 1.04M shares.
TROX’s Market Performance
TROX’s stock has seen a 4.80% increase for the week, with a -14.92% drop in the past month and a -15.23% fall in the past quarter. The volatility ratio for the week is 3.45%, and the volatility levels for the past 30 days are at 3.66% for Tronox Holdings plc The simple moving average for the past 20 days is -3.25% for TROX’s stock, with a -25.08% simple moving average for the past 200 days.
Analysts’ Opinion of TROX
Many brokerage firms have already submitted their reports for TROX stocks, with UBS repeating the rating for TROX by listing it as a “Buy.” The predicted price for TROX in the upcoming period, according to UBS is $19 based on the research report published on October 10, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see TROX reach a price target of $22. The rating they have provided for TROX stocks is “Neutral” according to the report published on June 07th, 2024.
BMO Capital Markets gave a rating of “Outperform” to TROX, setting the target price at $18 in the report published on December 18th of the previous year.
TROX Trading at -10.54% 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 -44.06% of loss for the given period.
Volatility was left at 3.66%, however, over the last 30 days, the volatility rate increased by 3.45%, as shares sank -13.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.94% lower at present.
During the last 5 trading sessions, TROX rose by +4.80%, which changed the moving average for the period of 200-days by -15.16% in comparison to the 20-day moving average, which settled at $11.97. In addition, Tronox Holdings plc saw -18.22% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TROX starting from Engle Jeffrey A., who sale 12,050 shares at the price of $14.95 back on Mar 06 ’24. After this action, Engle Jeffrey A. now owns 98,409 shares of Tronox Holdings plc, valued at $180,091 using the latest closing price.
Flood Jonathan, the Principal Accounting Officer of Tronox Holdings plc, sale 5,350 shares at $14.94 during a trade that took place back on Mar 06 ’24, which means that Flood Jonathan is holding 37,555 shares at $79,925 based on the most recent closing price.
Stock Fundamentals for TROX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.15 for the gross margin
The net margin for Tronox Holdings plc stands at -0.02. The total capital return value is set at 0.03. Equity return is now at value -3.79, with -1.21 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 0.12. The debt to equity ratio resting at 1.47. The interest coverage ratio of the stock is 1.04.
Currently, EBITDA for the company is 458.0 million with net debt to EBITDA at 5.74. When we switch over and look at the enterprise to sales, we see a ratio of 1.49. The receivables turnover for the company is 8.07for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.
Conclusion
To wrap up, the performance of Tronox Holdings plc (TROX) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
