As of Wednesday close, Tronox Holdings plc’s (NYSE:TROX) stock was down -$0.34, moving down -2.66 percent to $12.42. The average number of shares traded per day over the past five days has been 1,017,440 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.87 fall in that time frame. In the last twenty days, the average volume was 1,330,475, while in the previous 50 days, it was 1,259,240.
Since last month, TROX stock retreated -14.29%. Shares of the company fell to $12.41 on 08/16/23, the lowest level in the past month. A 52-week high of $17.61 was reached on 02/02/23 after having rallying from a 52-week low of $10.58. Since the beginning of this year, TROX’s stock price has dropped by -9.41% or -$1.29, and marked a new high 14 times. However, the stock has declined by -29.47% since its 52-week high.
TROX stock investors should be aware that Tronox Holdings plc (TROX) stock had its last reported insider trading activity 22 days ago on Jul 26. Guthrie Vanessa Ann, the Director of the company, disposed of 54 shares for $14.87 on Jul 26. It resulted in a $803 divestment by the insider. Guthrie Vanessa Ann sold 46 shares at an average price of $15.48 on Mar 08. The insider now owns 33,734 shares following the transaction. On Mar 07, Co-CEO and Director Turgeon Jean Francois sold 93,942 shares at $15.51 apiece. The transaction was valued at $1,457,238.
Valuation Metrics
The stock’s beta is 1.95. Besides these, the trailing price-to-sales (P/S) ratio of 0.64, the price-to-book (PB) ratio of 0.95, and the price-to-cash flow ratio of 32.36 may also be considered.
The latest dividend of $0.1250 per share was paid out, remained unchanged from last year’s $0.1250. On Wednesday February 23 2022, a $0.0250 dividend increase was announced.
Financial Health
In the three months ended June 29, Tronox Holdings plc’s quick ratio stood at 0.70, while its current ratio was 2.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.20, and the total debt-to-equity ratio was 1.31. On the profitability front, the trailing twelve-month gross margin is 20.60% percent. In the year ended June 29, EBITDA margin amounted to 23.25%, whereas operating margins totaled 11.30%. Based on annual data, TROX earned $832.0 million in gross profit and brought in $3.45 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.40%. Return on equity (ROE) for the past 12 months was -6.20%.
In Tronox Holdings plc’s quarter-end financial report for June 29, it reported total debt of $2.45 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. TROX’s revenue fell -19.02% to $708.0 million during the quarter, while net income inched up to $794.0 million. While analysts expected Tronox Holdings plc to report $0.28 quarterly earnings, the actual figure was $0.16 per share, beating the consensus estimate by -42.90%. During the quarter, the company generated $154.0 million in EBITDA. The liabilities of Tronox Holdings plc were 3.97 billion at the end of its most recent quarter ended June 29, and its total debt was $2.81 billion. The value of shareholders’ equity is $156.79 million.
Technical Picture
This quick technical analysis looks at Tronox Holdings plc’s (TROX) price momentum. With a historical volatility rate of 30.28%, the RSI 9-day stood at 29.36% on 16 August.
With respect to its five-day moving average, the current Tronox Holdings plc price is down by -6.55% percent or -$0.87. At present, TROX shares trade -14.87% below its 20-day simple moving average and -5.41% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.41% above its SMA50 and -1.11% below its SMA200.
Stochastic coefficient K was 13.69% and Stochastic coefficient D was 24.01%, while ATR was 0.48. Given the Stochastic reading of 0.56% for the 14-day period, the RSI (14) reading has been calculated as 36.83%. As of today, the MACD Oscillator reading stands at -0.26, while the 14-day reading stands at -0.31.
Analyst Ratings
Credit Suisse upgraded its rating on Tronox Holdings plc (NYSE: TROX) to a Neutral in a note to investors on August 08, 2023. The analysts firm previously had an Underperform rating on the stock.Tronox Holdings plc (TROX) has been rated Overweight by analysts. According to 0 brokerage firms, TROX is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Tronox Holdings plc stock as buy, with 7 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $13.00 – $20.00. Based on these forecasts, analysts predict Tronox Holdings plc (TROX) will achieve an average price target of $16.45.
