Tronox Holdings plc (NYSE:TROX) shares, rose in value, with the stock price up by 0.63% to the previous day’s close as strong demand from buyers drove the stock to $17.48.
Actively observing the price movement in the last trading, the stock closed the session at $17.37. Referring to stock’s 52-week performance, its high was $17.89, and the low was $10.08. On the whole, TROX has fluctuated by -1.30% over the past month.
The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 2.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.09B, with a low estimate of 719M and a high estimate of 774M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 754.02M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TROX’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TROX currently trading nearly 3.93% and 8.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.03, while the 7-day volatility ratio is showing 3.41% which for the 30-day chart, stands at 2.94%. Furthermore, Tronox Holdings plc (TROX)’s beta value is 1.90, and its average true range (ATR) is 0.53.
A comparison of Tronox Holdings plc (TROX) with its peers suggests the former has fared considerably weaker in the market. TROX showed an intraday change of 0.63% in last session, and over the past year, it grew by 39.51%%.
Data on historical trading for Tronox Holdings plc (NYSE:TROX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.11 million. According to company’s latest data on outstanding shares, there are 156.79 million shares outstanding.
Nearly 26.13% of Tronox Holdings plc’s shares belong to company insiders and institutional investors own 73.61% of the company’s shares. The stock has risen by 23.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TROX stock heading into the next quarter.
