While Tronox Holdings plc has underperformed by -2.21%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TROX rose by 17.69%, with highs and lows ranging from $17.89 to $10.08, whereas the simple moving average jumped by 25.64% in the last 200 days.
On December 18, 2023, BMO Capital Markets Upgraded Tronox Holdings plc (NYSE: TROX) to Outperform. A report published by JP Morgan on October 27, 2023, Downgraded its rating to ‘Neutral’ for TROX. UBS also Downgraded TROX shares as ‘Neutral’, setting a target price of $15 on the company’s shares in a report dated September 07, 2023. Credit Suisse August 08, 2023d the rating to Neutral on August 08, 2023, and set its price target from $12 to $13. Credit Suisse initiated its ‘Underperform’ rating for TROX, as published in its report on November 01, 2022. Goldman’s report from October 13, 2022 suggests a price prediction of $16 for TROX shares, giving the stock a ‘Buy’ rating. BMO Capital Markets also rated the stock as ‘Market Perform’.
Analysis of Tronox Holdings plc (TROX)
Investors in Tronox Holdings plc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.50 per share. Further, the quarter-over-quarter increase in sales is 7.19%, showing a positive trend in the upcoming months.
One of the most important indicators of Tronox Holdings plc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -14.72% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.95, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TROX is recording 1.18M average volume. On a monthly basis, the volatility of the stock is set at 3.11%, whereas on a weekly basis, it is put at 2.80%, with a loss of -4.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $17.67, showing growth from the present price of $16.83, which can serve as yet another indication of whether TROX is worth investing in or should be passed over.
How Do You Analyze Tronox Holdings plc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 26.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 73.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
TROX shares are owned by institutional investors to the tune of 73.71% at present.
