Tronox Holdings plc (NYSE: TROX) stock jumped 0.16% on Monday to $12.70 against a previous-day closing price of $12.68. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.28 million shares. During the session, the Chemicals company that operates in wider Basic Materials sector, reached to the highest price of $12.80 whereas the lowest price it dropped to was $12.44. The 52-week range on TROX shows that it touched its highest point at $17.61 and its lowest point at $10.08 during that stretch. It currently has a 1-year price target of $14.22. With its current market cap of 1.99 billion, TROX has annualized dividend of $0.40 while the current yield stands at 3.17%. Beta for the stock currently stands at 2.00.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TROX was up-trending over the past week, with a rise of 8.27%, but this was up by 15.45% over a month. Three-month performance surged to 5.57% while six-month performance rose 5.31%. The stock lost -7.97% in the past year, while it has lost -7.37% so far this year. A look at the trailing 12-month EPS for TROX yields -1.76 with Next year EPS estimates of 1.03. For the next quarter, that number is -0.01. This implies an EPS growth rate of -87.94% for this year and 332.65% for next year.
Float and Shares Shorts:
At present, 154.50 million TROX shares are outstanding with a float of 116.50 million shares on hand for trading. On Oct 30, 2023, short shares totaled 7.35 million, which was 4.69% higher than short shares on Sep 28, 2023. In addition to Mr. John D. Romano as the firm’s Co-CEO & Director, Mr. Jean-Francois Turgeon serves as its Co-CEO & Director.
Through their ownership of 72.30% of TROX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.25% of TROX, in contrast to 3.14% held by mutual funds. Shares owned by individuals account for 20.42%. As the largest shareholder in TROX with 11.38% of the stake, Fidelity Management & Research Co holds 17,837,900 shares worth 17,837,900. A second-largest stockholder of TROX, The Vanguard Group, Inc., holds 12,210,004 shares, controlling over 7.79% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in TROX, holding 8,650,701 shares or 5.52% stake. With a 2.67% stake in TROX, the American Funds Small Cap World Fu is the largest stakeholder. A total of 4,181,109 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.37% of TROX stock, is the second-largest Mutual Fund holder. It holds 3,714,785 shares valued at 39.71 million. Franklin Small Cap Value Fund holds 2.32% of the stake in TROX, owning 3,631,196 shares worth 38.82 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TROX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TROX analysts setting a high price target of $20.00 and a low target of $11.00, the average target price over the next 12 months is $14.22. Based on these targets, TROX could surge 57.48% to reach the target high and fall by -13.39% to reach the target low. Reaching the average price target will result in a growth of 11.97% from current levels.
Summary of Insider Activity:
Insiders traded TROX stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,395 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 674,552 while 330,731 shares were sold.