TROX Stock Summary and Trading Ideas (Tronox Holdings PLC Ordinary Shares (Uk) | NYSE:TROX)

Tronox Holdings PLC is a vertically integrated manufacturer of TiO2 pigment. It operates titanium-bearing mineral sand mines and beneficiation and smelting operations in Australia & South Africa to produce feedstock materials that can be processed into TiO2 for pigment, high-purity titanium chemicals, including titanium tetrachloride, and ultrafine TiO2 used in certain specialty applications. TiO2 and titanium feedstock, are used to produce paints and coatings, as well as plastics, paper, and printing ink. It has three pigment production facilities in the United States, the Netherlands, and Western Australia and three mining operations in Western Australia and South Africa. North America, Asia-Pacific and Europe the Middle East, and Africa regions contribute the vast majority of revenue.

Tronox Holdings PLC Ordinary Shares (Uk) trades on the NYSE stock market under the symbol TROX.

As of April 19, 2024, TROX stock price climbed to $16.15 with 699,382 million shares trading.

TROX has a beta of 2.42, meaning it tends to be more sensitive to market movements. TROX has a correlation of 0.39 to the broad based SPY ETF.

TROX has a market cap of $2.55 billion. This is considered a Mid Cap stock.

Last quarter Tronox Holdings PLC Ordinary Shares (Uk) reported $686 million in Revenue and -$.38 earnings per share. This beat revenue expectation by $17 million and missed earnings estimates by -$.38.

In the last 3 years, TROX stock traded as high as $26.33 and as low as $10.08.

The top ETF exchange traded funds that TROX belongs to (by Net Assets): VTI, VB, IWM, VBR, VXF.

TROX has underperformed the market in the last year with a price return of +20.7% while the SPY ETF gained +21.1%. However, in the short term, TROX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +32.9% vs +4.2% return in SPY. But in the last 2 weeks, TROX shares have been beat by the market, returning -4.0% compared to an SPY return of -3.6%.

TROX support price is $15.60 and resistance is $16.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TROX stock will trade within this expected range on the day.