While Tronox Holdings plc has underperformed by -2.32%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TROX fell by -7.60%, with highs and lows ranging from $20.70 to $10.08, whereas the simple moving average fell by -18.81% in the last 200 days.
On June 07, 2024, Mizuho started tracking Tronox Holdings plc (NYSE: TROX) recommending Neutral. A report published by BMO Capital Markets on December 18, 2023, Upgraded its rating to ‘Outperform’ for TROX. JP Morgan also Downgraded TROX shares as ‘Neutral’, setting a target price of $11 on the company’s shares in a report dated October 27, 2023. UBS September 07, 2023d the rating to Neutral on September 07, 2023, and set its price target from $17 to $15. Credit Suisse August 08, 2023d its ‘Underperform’ rating to ‘Neutral’ for TROX, as published in its report on August 08, 2023. Credit Suisse’s report from November 01, 2022 suggests a price prediction of $10 for TROX shares, giving the stock a ‘Underperform’ rating. Goldman also rated the stock as ‘Buy’.
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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 3.27%, 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 -3.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.08, 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 1.10M average volume. On a monthly basis, the volatility of the stock is set at 3.31%, whereas on a weekly basis, it is put at 3.23%, with a loss of -9.71% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.20, showing growth from the present price of $12.64, 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 25.73%. 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 76.38% 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 76.38% at present.
