Analysts Issue Research Notes On Tronox Holdings plc (TROX)


Tronox Holdings plc (NYSE:TROX) finished Wednesday with a subtraction of -$0.6 to close at $11.82, a downside of -4.83 percent. An average of 1,985,540 shares of common stock have been traded in the last five days. There was a fall of -$1.58 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,209,430 shares traded, while the 50-day average volume stands at 1,138,802.

TROX stock has decreased by -21.30% in the last month. The company shares reached their 1-month lowest point of $11.82 on 09/21/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $12.21 and a high of $26.33 in 52 weeks. It has reached a new high 5 times so far this year and lost -50.81% or -$12.21 in price. In spite of this, the price is down -55.11% from the 52-week high.

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Insider Transactions

198 days have passed since Tronox Holdings plc (TROX) last reported insider trading activity. Neuman Jeffrey N, who is SVP, General Counsel & Sec., most recently acquired $80,581 shares at $16.15 per share on Mar 08. In this transaction, the insider spent $1,301,440. Principal Accounting Officer, Flood Jonathan, disposed of 3,700 shares at a price of $16.13 on Mar 08. The insider now owns more than $59,678 worth of shares. Prior to that, Co-CEO and Director Turgeon Jean Francois went on to Sale 105,907 shares at $16.15 each on Mar 08. An amount of $1,710,536 was transacted.

Valuation Metrics

Tronox Holdings plc (TROX) has a trailing price-to-earnings (P/E) ratio of 3.21. The stock’s beta is 1.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.50, the price-to-book (PB) ratio at 0.81, and the price-to-cash flow ratio at 10.07.

The company has a payout ratio of 11.90%. The company’s most recent quarterly dividend payment was $0.1250 a share, without any change from last year. Its latest increase dividend $0.0250 reported on Wednesday February 23 2022.

Financial Health

The quick ratio of Tronox Holdings plc for the three months ended June 29 was 1.00, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.08 and a total debt to equity ratio of 1.12 for the quarter ending June 29. Its gross profit as reported stood at $895.0 million compared to revenue of $3.57 billion.

Earnings Surprise

For the three-month period that ended June 29, Tronox Holdings plc had $2.45 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $375.0 million in the quarter, while revenues were grew 80.53%. The analyst consensus anticipated Tronox Holdings plc’s latest quarter earnings to come in at $0.86 per share, but it turned out to be $0.84, a -2.30% surprise. For the quarter, EBITDA amounted to $259.0 million. Shareholders own equity worth $154.43 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Tronox Holdings plc (TROX) price momentum. RSI 9-day as of the close on 21 September was 21.86%, suggesting the stock is oversold, with historical volatility in this time frame at 53.20%.

As of today, TROX’s price is $12.97 -11.79% or -$1.58 from its 5-day moving average. TROX is currently trading -23.59% lower than its 20-day SMA and -34.00% lower than its 100-day SMA. However, the stock’s current price level is -24.33% below the SMA50 and -46.76% below the SMA200.

The stochastic %K and %D were 18.17% and 19.39%, respectively, and the average true range (ATR) was 0.71. With the 14-day stochastic at 0.00% and the average true range at 0.68, the RSI (14) stands at 27.39%. The stock has reached -1.07 on the 9-day MACD Oscillator while the 14-day reading was at -1.31.

Analyst Ratings

BMO Capital Markets downgraded Tronox Holdings plc (NYSE: TROX) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.


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