Technical analysis of Tronox Holdings plc (TROX) stock chart patterns

While Tronox Holdings plc has underperformed by -1.08%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TROX rose by 50.86%, with highs and lows ranging from $19.75 to $10.08, whereas the simple moving average jumped by 29.25% 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’.

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Analysis of Tronox Holdings plc (TROX)

With TROX’s current dividend of $0.50 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 9.32%, showing a positive trend in the upcoming months.

Tronox Holdings plc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -16.45% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.09, 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.

The average volume for any stock is also a very valuable indicator of volatility, and TROX has an average volume of 1.06M. On a monthly basis, the volatility of the stock is set at 3.15%, whereas on a weekly basis, it is put at 2.70%, with a loss of -4.53% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.89, showing growth from the present price of $18.33, 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?

In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 26.17%. 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 74.85% 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 74.85% at present.

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