Tronox Holdings plc (NYSE:TROX) price on current trading day, fall -0.43% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.62.
A look at the stock’s price movement, the close in the last trading session was $11.67, moving within a range at $11.485 and $11.8. The beta value (5-Year monthly) was 1.647. Turning to its 52-week performance, $20.70 and $10.69 were the 52-week high and 52-week low respectively. Overall, TROX moved -8.14% over the past month.
Tronox Holdings plc’s market cap currently stands at around $1.83 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.50, with its dividend yield at 4.30%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 698.22M for the company’s revenue for the quarter, with a low and high estimate of 662M and 735M respectively. The average forecast suggests up to a 1.78% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.1B, representing a 8.67% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TROX is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 7 recommend TROX as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TROX’s current price about -0.71% and -9.13% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.89, while 7-day volatility ratio is 2.72% and 3.45% in the 30-day chart. Further, Tronox Holdings plc (TROX) has a beta value of 1.59, and an average true range (ATR) of 0.43. Analysts have given the company’s stock an average 52-week price target of $20.5, forecast between a low of $17 and high of $22. Looking at the price targets, the low is -46.3% off current price level while to achieve the yearly target high, price needs to move -89.33%. Nonetheless, investors will most likely welcome a -76.42% jump to $20.5 which is the analysts’ median price.
If we refocus on Tronox Holdings plc (NYSE:TROX), historical trading data shows that trading volumes averaged 0.71 over the past 10 days and 1.05 million over the past 3 months. The company’s latest data on shares outstanding shows there are 157.92 million shares.
The 25.71% of Tronox Holdings plc’s shares are in the hands of company insiders while institutional holders own 73.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.08 million on 2024-11-15, giving us a short ratio of 6.22. The data shows that as of 2024-11-15 short interest in Tronox Holdings plc (TROX) stood at 751.00005 of shares outstanding, with shares short falling to 7.15 million registered in 2024-10-15. Current price change has pushed the stock -17.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TROX stock continues to rise going into the next quarter.
