Tronox Holdings plc (TROX) Stock: Identifying Value and Future Vision

Tronox Holdings plc [TROX] stock prices are down -1.38% to $15.00 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TROX shares have gain 11.61% over the last week, with a monthly amount glided 7.22%, and seem to be holding up well over a long-time horizon.

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On 21, February 2024, Tronox Board Member Dr. Vanessa Guthrie Intends to Not Seek Re-Election at 2024 Annual General Meeting. In a post published today on Yahoo Finance, Tronox Holdings plc (NYSE:TROX) (“Tronox” or the “Company”), a leading integrated manufacturer of titanium dioxide pigment, today announced that Dr. Vanessa Guthrie has decided to not seek re-election as a member of the Board of Directors of the Company (the “Board”) at the 2024 Annual Meeting of Stockholders. Dr. Guthrie will step off the Tronox Board with effect from February 21, 2024. Dr. Guthrie also serves on the Board of Directors of Lynas Rare Earths Ltd. (“Lynas”), an Australian producer of rare earth materials. Her decision to not stand for re-election at Tronox was solely related to the growing importance of rare earth mineral mining and processing for Tronox and the foreseeable conflict of interest which might arise as and when Tronox and Lynas begin competing in this fast growing sector of the green energy transformation. Rare earth materials are regarded as a “critical mineral” by the United States, European Union, Australia and other major economies due to their importance in producing the types of permanent magnets required in electric vehicle motors, wind turbines and other strategic end markets.

From an analyst’s perspective:

Tronox Holdings plc [NYSE: TROX] stock has seen the most recent analyst activity on December 18, 2023, when BMO Capital Markets upgraded its rating to a Outperform and also boosted its price target to $18 from $11. Previously, JP Morgan downgraded its rating to Neutral on October 27, 2023, and dropped its price target to $11. On September 07, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $15 on the stock. Credit Suisse upgraded its rating to a Neutral and increased its price target to $13 on August 08, 2023. Credit Suisse initiated its recommendation with a Underperform and recommended $10 as its price target on November 01, 2022. Goldman started tracking with a Buy rating for this stock on October 13, 2022, and assigned it a price target of $16. In a note dated September 19, 2022, BMO Capital Markets downgraded an Market Perform rating on this stock and revised its target price from $21 to $16.

The stock price of Tronox Holdings plc [TROX] has been fluctuating between $10.08 and $16.90 over the past year. Currently, Wall Street analysts expect the stock to reach $18.5 within the next 12 months. Tronox Holdings plc [NYSE: TROX] shares were valued at $15.00 at the most recent close of the market. An investor can expect a potential return of 23.33% based on the average TROX price forecast.

Analyzing the TROX fundamentals

The Tronox Holdings plc [NYSE:TROX] reported sales of 2.85B for trailing twelve months, representing a surge of 7.19%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.

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 14.82 points at the first support level, and at 14.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.26, and for the 2nd resistance point, it is at 15.51.

Tronox Holdings plc [TROX] reported earnings per share of -$0.38 for its fiscal quarter that ended on 12/30/2023. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.08 per share as compared to estimates of $0.05 per share, a difference of -$0.13 representing a surprise of -260.00%.

Ratios To Look Out For

It’s worth pointing out that Tronox Holdings plc [NYSE:TROX]’s Current Ratio is 2.84. Also, the Quick Ratio is 0.95, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.21.

Transactions by insiders

Recent insider trading involved Guthrie Vanessa Ann, Director, that happened on Aug 31 when 2395.0 shares were sold. Director, Guthrie Vanessa Ann completed a deal on Jul 26 to sell 54.0 shares. Meanwhile, Director Guthrie Vanessa Ann sold 46.0 shares on Mar 08.

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