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Saturday, December 9, 2023

Tronox Holdings plc (NYSE: TROX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Tronox Holdings plc (TROX) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.32, or 3.06%, to $10.79. The Tronox Holdings plc has recorded 27,837 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Tronox Declares Fourth Quarter 2023 Dividend.

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Stocks Info

TROX belongs to the Basic Materials sector of the NYSE while operating in the Chemicals industry. At the end of the last regular session, the stock closed at $10.47 and fluctuated between $10.62 as its day high and $10.24 as its day low. The current market capitalization of Tronox Holdings plc is $1.64B. A total of 1.15 million shares were traded on the day, compared to an average of 1.27M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, TROX has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 2,395 shares. Over the last 12 months, there were 21 BUYs and 15 SELLs from insiders. Insiders purchased 674,552 shares during that period but sold 330,731.

In the most recent transaction, Guthrie Vanessa Ann sold 2,395 shares of TROX for 13.66 per share on Aug 31. After the transaction, the Director now owns 41,324 company shares. In a previous transaction on Jul 26, Guthrie Vanessa Ann sold 54 shares at 14.87 per share. TROX shares that Director owns now total 43,719.

Among the insiders who sold shares, Guthrie Vanessa Ann disposed of 46 shares on Mar 08 at a per-share price of $15.48. This resulted in the Director holding 33,734 shares of TROX after the transaction. In another insider transaction, Turgeon Jean Francois sold 93,942 shares at $15.51 per share on Mar 07. Company shares held by the Co-CEO and Director now total 756,732.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. TROX’s most recent ex-dividend date was 8/11/2023 when it declared a $0.1250 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/16/2023 with an ex-dividend date of 5/12/2023. The TROX stock dividend was $0.1250 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for TROX in the last 3 months, the mean price target is $14.22 with high estimates of $20.00 and low estimates of $11.00. In terms of 52-week highs and lows, TROX has a high of $17.61 and a low of $10.08.

As of this writing, TROX has an earnings estimate of $0.05 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.02. The company reported an EPS of $0.15 in the last quarter, which was 50.00% higher than expectations of $0.1.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. TROX’s latest balance sheet shows that the firm has $228.00M in Cash & Short Term Investments as of fiscal 2021. There were $2.66B in debt and $822.00M in liabilities at the time. Its Book Value Per Share was $12.71, while its Total Shareholder’s Equity was $2.04B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TROX is Buy with a score of 3.86.

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