Tronox Holdings plc (NYSE: TROX) is 40.36% higher on its value in year-to-date trading and has touched a low of $3.97 and a high of $21.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The TROX stock was last observed hovering at around $19.32 in the last trading session, with the day’s gains setting it 1.2% off its average median price target of $23.00 for the next 12 months. It is also 29.24% off the consensus price target high of $29.00 offered by 7 analysts, but current levels are -46.57% lower than the price target low of $14.00 for the same period.
Currently trading at $20.52, the stock is 13.46% and 13.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.57 million and changing 6.21% at the moment leaves the stock 68.54% off its SMA200. TROX registered 396.85% gain for a year compared to 6-month gain of 159.42%. The firm has a 50-day simple moving average (SMA 50) of $18.38 and a 200-day simple moving average (SMA200) of $14.09.
The stock witnessed a 15.35% loss in the last 1 month and extending the period to 3 months gives it a 40.36%, and is 15.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.23% over the week and 6.02% over the month.
Tronox Holdings plc (TROX) has around 6500 employees, a market worth around $2.79B and $2.76B in sales. Current P/E ratio is 3.07 and Fwd P/E is 10.69. Profit margin for the company is 35.10%. Distance from 52-week low is 416.88% and -3.93% from its 52-week high. The company has generated returns on investments over the last 12 months (23.20%).
Tronox Holdings plc (TROX) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tronox Holdings plc (TROX) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.40, where 1 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Tronox Holdings plc is expected to release its quarterly report on 08/10/2021 and quarterly earnings per share for the current quarter are estimated at $0.27 with sales reaching $840.51M over the same period.The EPS is expected to grow by 920.40% this year, but quarterly earnings will post 17.00% year-over-year. Quarterly sales are estimated to grow 16.40% in year-over-year returns.
Tronox Holdings plc (TROX) Top Institutional Holders
236 institutions hold shares in Tronox Holdings plc (TROX), with 38.38M shares held by insiders accounting for 26.73% while institutional investors hold 72.76% of the company’s shares. The shares outstanding are 143.69M, and float is at 88.21M with Short Float at 4.80%. Institutions hold 53.31% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 11.34 million shares valued at $165.78 million. The investor’s holdings represent 6.85% of the TROX Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 8.06 million shares valued at $117.83 million to account for 4.87% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.17 million shares representing 3.73% and valued at over $90.17 million, while Dimensional Fund Advisors LP holds 3.30% of the shares totaling 5.46 million with a market value of $79.76 million.
Tronox Holdings plc (TROX) Insider Activity
A total of 38 insider transactions have happened at Tronox Holdings plc (TROX) in the last six months, with sales accounting for 20 and purchases happening 18 times. The most recent transaction is an insider sale by Mancini Raoul Charles ,the company’sSVP, Chief HR Officer. SEC filings show that Mancini Raoul Charles sold 81,943 shares of the company’s common stock on Mar 15 at a price of $18.06 per share for a total of $1.48 million. Following the sale, the insider now owns 0.32 million shares.
Tronox Holdings plc disclosed in a document filed with the SEC on Mar 15 that Neuman Jeffrey N (SVP, General Counsel & Sec.) sold a total of 29,677 shares of the company’s common stock. The trade occurred on Mar 15 and was made at $18.07 per share for $0.54 million. Following the transaction, the insider now directly holds 0.16 million shares of the TROX stock.
Still, SEC filings show that on Mar 15, Carlson Timothy C (SVP and CFO) disposed off 51,695 shares at an average price of $18.06 for $0.93 million. The insider now directly holds 318,811 shares of Tronox Holdings plc (TROX).