Tronox Holdings plc (NYSE:TROX) shares, rose in value on Thursday, March 06, with the stock price up by 1.24% to the previous day’s close as strong demand from buyers drove the stock to $7.32.
Actively observing the price movement in the last trading, the stock closed the session at $7.23. Referring to stock’s 52-week performance, its high was $20.70, and the low was $6.64. On the whole, TROX has fluctuated by -29.28% over the past month.
With the market capitalization of Tronox Holdings plc currently standing at about $1.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.50, with its dividend yield at 6.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.22B, with a low estimate of 687.9M and a high estimate of 795.64M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 747.96M.
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% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TROX currently trading nearly -11.79% and -21.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.14, while the 7-day volatility ratio is showing 5.89% which for the 30-day chart, stands at 5.75%. Furthermore, Tronox Holdings plc (TROX)’s beta value is 1.53, and its average true range (ATR) is 0.45.
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 1.24% in last session, and over the past year, it shrunk by -52.62%%.
Data on historical trading for Tronox Holdings plc (NYSE:TROX) indicates that the trading volumes over the past 3 months, they’ve averaged 1.53 million. According to company’s latest data on outstanding shares, there are 157.94 million shares outstanding.
Nearly 26.91% of Tronox Holdings plc’s shares belong to company insiders and institutional investors own 73.88% of the company’s shares. The stock has fallen by -27.31% 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.
