Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of Tronox Holdings plc (NYSE: TROX) was $19.18 for the day, down -0.05% from the previous closing price of $19.19. In other words, the price has decreased by -$0.05 from its previous closing price. On the day, 0.69 million shares were traded. TROX stock price reached its highest trading level at $19.4325 during the session, while it also had its lowest trading level at $19.03.
Ratios:
Our analysis of TROX’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.09 and its Current Ratio is at 3.12. In the meantime, Its Debt-to-Equity ratio is 1.56 whereas as Long-Term Debt/Eq ratio is at 1.53.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on December 18, 2023, Upgraded its rating to Outperform and sets its target price to $18 from $11 previously.
On October 27, 2023, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $16 to $11.
UBS Downgraded its Buy to Neutral on September 07, 2023, whereas the target price for the stock was revised from $17 to $15.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 06 ’24 when Turgeon Jean Francois sold 51,996 shares for $14.95 per share. The transaction valued at 777,085 led to the insider holds 735,647 shares of the business.
Romano John D sold 42,768 shares of TROX for $639,168 on Mar 06 ’24. The Co-CEO and Director now owns 942,171 shares after completing the transaction at $14.95 per share. On Mar 06 ’24, another insider, Neuman Jeffrey N, who serves as the SVP, General Counsel & Sec. of the company, sold 23,500 shares for $14.95 each. As a result, the insider received 351,250 and left with 260,212 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, TROX now has a Market Capitalization of 3028924672 and an Enterprise Value of 5828342784. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 1.999 whereas that against EBITDA is 13.307.
Stock Price History:
Over the past 52 weeks, TROX has reached a high of $19.75, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 14.22%, while the 200-Day Moving Average is calculated to be 37.99%.
Shares Statistics:
TROX traded an average of 1.17M shares per day over the past three months and 1237420 shares per day over the past ten days. A total of 156.79M shares are outstanding, with a floating share count of 116.60M. Insiders hold about 26.13% of the company’s shares, while institutions hold 72.62% stake in the company. Shares short for TROX as of 1713139200 were 6635283 with a Short Ratio of 5.67, compared to 1710460800 on 7060031. Therefore, it implies a Short% of Shares Outstanding of 6635283 and a Short% of Float of 7.049999999999999.
Dividends & Splits
With its trailing 12-month dividend rate of 0.5, TROX has a forward annual dividend rate of 0.50. Against a Trailing Annual Dividend Yield of 0.026055237The stock’s 5-year Average Dividend Yield is 2.65.
