Tronox Holdings plc (NYSE:TROX) shares traded higher over the last trading session, gaining 2.60% on 05/26/21. The shares fell to a low of $22.72 before closing at $23.31. Intraday shares traded counted 2.36 million, which was -53.47% lower than its 30-day average trading volume of 1.54M. TROX’s previous close was $22.72 while the outstanding shares total 147.07M. The firm has a beta of 2.67, a 12-month trailing P/E ratio of 3.54, and a growth ratio of 0.07. The stock’s Relative Strength Index (RSI) is 57.63, with weekly volatility at 3.76% and ATR at 0.94. The TROX stock’s 52-week price range has touched low of $6.43 and a $24.23 high.
Investors have identified the Chemicals company Tronox Holdings plc as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.46 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Tronox Holdings plc (TROX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For TROX, the company has in raw cash 767.0 million on their books with 514.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 2.64 billion total, with 1.25 billion as their total liabilities.
TROX were able to record 77.0 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 119.0 million. In cash movements, the company had a total of 135.0 million as operating cash flow.
Potential earnings growth for Tronox Holdings plc (TROX)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Tronox Holdings plc recorded a total of 891.0 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 18.97% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 12.12%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 685.0 million trying to sell their products during the last quarter, with the result yielding a gross income of 206.0 million. This allows shareholders to hold on to 147.07M with the recently reported earning now reading 0.18 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.43 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.46 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on TROX sounds very interesting.
Is the stock of TROX attractive?
In related news, Director, Guthrie Vanessa Ann sold 4,600 shares of the company’s stock in a transaction that recorded on May 10. The sale was performed at an average price of 23.42, for a total value of 107,732. As the sale deal closes, the SVP and CFO, Carlson Timothy C now sold 42,500 shares of the company’s stock, valued at 958,504. Also, SVP, Chief HR Officer, Mancini Raoul Charles sold 81,943 shares of the company’s stock in a deal that was recorded on Mar 15. The shares were price at an average price of 18.06 per share, with a total market value of 1,480,087. Following this completion of acquisition, the SVP, General Counsel & Sec., Neuman Jeffrey N now holds 29,677 shares of the company’s stock, valued at 536,160. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.80%.
6 out of 8 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Tronox Holdings plc. 1 analysts has assigned a Sell rating on the TROX stock. The 12-month mean consensus price target for the company’s shares has been set at $25.83.