It’s still a bull thesis, just subverted: Tronox Holdings plc (TROX)

As of right now, Tronox Holdings plc [TROX] is trading at $16.62, up 0.12%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TROX shares have gain 2.78% over the last week, with a monthly amount glided 23.94%, and seem to be holding up well over a long-time horizon.

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On 19, January 2023, Tronox Announces Dates for Fourth Quarter 2022 Earnings Release & Webcast Conference Call. In a post published today on Yahoo Finance, Tronox Holdings plc (NYSE: TROX) announced today the following schedule for its fourth quarter 2022 earnings release and webcast conference call:.

From an analyst’s perspective:

Tronox Holdings plc [NYSE: TROX] stock has seen the most recent analyst activity on November 01, 2022, when Credit Suisse initiated its Underperform rating and assigned the stock a price target of $10. Previously, Goldman started tracking the stock with Buy rating on October 13, 2022, and set its price target to $16. On September 19, 2022, downgrade downgraded it’s rating to Market Perform and revised its price target to $16 on the stock. UBS upgraded its rating to a Buy and increased its price target to $32 on November 30, 2021. Deutsche Bank initiated its recommendation with a Buy and recommended $30 as its price target on October 14, 2021. BofA Securities started tracking with a Buy rating for this stock on May 20, 2021, and assigned it a price target of $28. In a note dated February 07, 2018, Wells Fargo initiated an Outperform rating and iterated a target price of $28 on this stock.

Through the last year, Tronox Holdings plc’s stock price ranged from $11.09 to $24.43. Currently, Wall Street analysts expect the stock to reach $17.55 within the next 12 months. Tronox Holdings plc [NYSE: TROX] shares were valued at $16.62 at the most recent close of the market. An investor can expect a potential return of 5.6% based on the average TROX price forecast.

Analyzing the TROX fundamentals

For Tronox Holdings plc, (TROX), the latest quarter sales were 895.0 billion, which represents an 2.90% increase. Gross Margin for this corporation currently stands at +23.05% with Operating Margin at +15.16%, Pretax Margin comes in at +10.46%, and Net Margin reading is +8.00%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.34 points at the first support level, and at 16.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.87, and for the 2nd resistance point, it is at 17.13.

Tronox Holdings plc [TROX] reported earnings per share of $0.69 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of -$0.06 and a surprise factor of -8.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $0.84 per share as compared to estimates of $0.86 per share, a difference of -$0.02 representing a surprise of -2.30%.

Ratios To Look Out For

It is important to note that Tronox Holdings plc [NYSE:TROX] has a current ratio of 2.30. As well, the Quick Ratio is 1.22, while the Cash Ratio is 0.28. Considering the valuation of this stock, the price to sales ratio is 1.06, the price to book ratio is 1.86 and the P/E (TTM) ratio is 4.42.

Transactions by insiders

Insider trading has also been a hot topic recently, with 2 insiders purchasing 9,000 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Neuman Jeffrey N, SVP, General Counsel & Sec., that happened on Oct 28 when 4000.0 shares were purchased. SVP and CFO, Carlson Timothy C completed a deal on Oct 28 to buy 5000.0 shares. Meanwhile, SVP and CFO Carlson Timothy C bought 5000.0 shares on Jun 16.