While Tronox Holdings plc has underperformed by -2.18%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TROX rose by 18.65%, with highs and lows ranging from $20.70 to $10.24, whereas the simple moving average fell by -22.46% in the last 200 days.
On October 10, 2024, UBS Upgraded Tronox Holdings plc (NYSE: TROX) to Buy. A report published by Mizuho on June 07, 2024, Initiated its previous ‘Neutral’ rating for TROX. BMO Capital Markets also Upgraded TROX shares as ‘Outperform’, setting a target price of $18 on the company’s shares in a report dated December 18, 2023. JP Morgan October 27, 2023d the rating to Neutral on October 27, 2023, and set its price target from $16 to $11. UBS September 07, 2023d its ‘Buy’ rating to ‘Neutral’ for TROX, as published in its report on September 07, 2023. Credit Suisse’s report from August 08, 2023 suggests a price prediction of $13 for TROX shares, giving the stock a ‘Neutral’ rating. Credit Suisse also rated the stock as ‘Underperform’.
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Analysis of Tronox Holdings plc (TROX)
The current dividend for TROX investors is set at $0.50 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 21.45%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Tronox Holdings plc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -3.79% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.90, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and TROX is recording an average volume of 1.05M. On a monthly basis, the volatility of the stock is set at 3.60%, whereas on a weekly basis, it is put at 4.25%, with a loss of -9.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $16.50, showing growth from the present price of $12.09, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 25.72%. 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 74.54% 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 74.54% at present.
