In the recent trading session, Tronox Holdings plc (NYSE:TROX) shares gained 4.2% or 0.48 points to close at $11.8 with a thin trading volume of 1.076 million shares. It opened the trading session at $11.27, the shares rose to $11.99 and dropped to $11.27, the range by which the price of stock traded the whole session. The company now has a market cap of $1.56 billion and currently has 138.25 million outstanding shares. Tronox Holdings plc (TROX) stock has accumulated 3.95 percent of market value in 21 trading days.
TROX stock’s trailing 3-year beta is 3.48, meaning there will be a greater rate of return, although posing a higher risk. The part of a firm’s profit given to each outstanding share of regular stock was -$0.86 share in the trailing 52 weeks. The stock’s value fallen -0.88 percent year to date (YTD) compared to a rise of 19.79 percent in 52 week’s period. The firm’s shares are still trading -23.9 percent below its 1-year high of $15.50 and 75.78 percent up from 52-week low of $6.71. The average consensus ranking on the company is 2.3, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a sell.
Past records have indicated that shares in Tronox Holdings plc rose on 19 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings. Investors will get the next hint of TROX’s Q4 earnings on February 26. Analysts are predicting revenue to climb 68.9 percent to $724M in the financial fourth quarter, while EPS will soar by about 100 percent to $0.12 per share. In the last quarter, it’s earnings of $0.21 per share came better than the $0.08935, adjusted, expected by Thomson Reuters consensus estimate. Revenue for the quarter was $429M, topping the $423.07M analysts had expected. Earnings are seen to rise by 99.4 percent this year, 249.41 percent in the coming year and the trend continues by 10 percent every year in the next 5 years.
Let’s take a glimpse at some insider activity at Tronox Holdings plc (NYSE:TROX) and observe the pattern. The earliest insider trade happened on 08/15/2019. Neuman Jeffrey N gathered a total of 4 thousand shares of the firm at average share price of $7.6. The total amount for the purchase was set at $30.4 thousand. On completing this exchange, the SVP, General Counsel & Sec. account balance was 83.51 thousand shares. The stock grew 55.66 percent from that insider purchase. On 08/08/2019, Hinman Wayne A, Director, did a purchase of 5 thousand shares at a price of $8.8 per share. This increased 44 thousand shares to the insider’s fortune and the stock experienced a 34.43 percent rally in price since the news became public. This exchange saw 152.46 thousand shares get into the Director account.
On 06/13/2019, Director Hinman Wayne A recorded a purchase transaction valued at $55.05 thousand. The purchase at $11.01 a share has added 5 thousand shares into the insider’s portfolio position. Meanwhile, shares price witnessed 7.45 percent increase since the transaction reporting date. The company insider is left with 145.31 thousand shares remaining in the account. QUINN JEFFRY N, who works as Chairman and CEO at the company, performed a purchase of 9.6 thousand shares in a transaction worth $100.32 thousand. The acquisition recorded on 06/04/2019 was priced at $10.45 per share. The stock price soared 13.21 percent since the transaction. QUINN JEFFRY N currently holds a stake of 424.77 thousand in TROX stock which is worth $5.01 million after the insider buying.
The stock is lingering around the initial support level of $11.06. After this, the following support is at the zone of $10.81. Up until the time the TROX stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 59.54 on the daily chart, and this may be a cause for concern. In case the price goes below $10.81 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $11.58 level may cause a pull-back move approaching $11.85 mark.
Tronox Holdings plc (TROX) shares are trading at a P/E ratio of -13.6 times earnings posted in the trailing 12 months. The industry TROX deals with has an average P/E of 23.99. Its P/B ratio is standing at 2.44X compared to the 4.05 industry average. It is additionally sporting a 0.5 on the Price-to-Sales ratio, compared to the industry’s P/S average of 0.72. Tronox Holdings plc has a 19% gross profit margin, with its operating margin around 4.9%. Alongside this, the company’s net profit margin currently stands at -4.8%.