Tronox Holdings plc (NYSE:TROX) shares, rose in value, with the stock price up by 2.44% to the previous day’s close as strong demand from buyers drove the stock to $4.94.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.82. Referring to stock’s 52-week performance, its high was $20.70, and the low was $4.35. On the whole, TROX has fluctuated by -10.07% over the past month.
With the market capitalization of Tronox Holdings plc currently standing at about $782.39 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 10.13%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.1B, with a low estimate of 774M and a high estimate of 853.5M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 812.08M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TROX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TROX currently trading nearly -5.99% and -13.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.44, while the 7-day volatility ratio is showing 6.25% which for the 30-day chart, stands at 4.72%. Furthermore, Tronox Holdings plc (TROX)’s beta value is 1.34, and its average true range (ATR) is 0.33.
A comparison of Tronox Holdings plc (TROX) with its peers suggests the former has fared considerably weaker in the market. TROX showed an intraday change of 2.44% in today’s session so far, and over the past year, it shrunk by -74.00%%.
Data on historical trading for Tronox Holdings plc (NYSE:TROX) indicates that the trading volumes over the past 3 months, they’ve averaged 2.95 million. According to company’s latest data on outstanding shares, there are 158.46 million shares outstanding.
Nearly 27.45% of Tronox Holdings plc’s shares belong to company insiders and institutional investors own 69.98% of the company’s shares. The stock has fallen by -50.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TROX stock heading into the next quarter.
