TX Stock Summary and Trading Ideas (Ternium S.A. Ternium S.A. American Depositary Shares (Each Representing Ten Shares Usd1.00 Par Value) | NYSE:TX)

Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel, Usiminas and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The Usiminas segment include iron ore extraction, steel transformation, production of capital goods and logistics. The vast majority of its revenue comes from the steel segment and geographically from Mexico.

Ternium S.A. Ternium S.A. American Depositary Shares (Each Representing Ten Shares Usd1.00 Par Value) trades on the NYSE stock market under the symbol TX.

As of April 19, 2024, TX stock price declined to $42.87 with 22,313 million shares trading.

TX has a beta of 0.83, meaning it tends to be less sensitive to market movements. TX has a correlation of 0.12 to the broad based SPY ETF.

TX has a market cap of $8.42 billion. This is considered a Mid Cap stock.

Last quarter Ternium S.A. Ternium S.A. American Depositary Shares (Each Representing Ten Shares Usd1.00 Par Value) reported $5 billion in Revenue and $2.11 earnings per share. This beat revenue expectation by $11 million and exceeded earnings estimates by $1.10.

In the last 3 years, TX stock traded as high as $56.86 and as low as $26.01.

The top ETF exchange traded funds that TX belongs to (by Net Assets): SLX, GLRY, CVY, APIE, IUS.

TX stock has underperformed the market in the last year with a return of 0.0%, while SPY returned +21.9%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in TX shares. However, TX has outperformed the market in the last 3 month and 2 week periods, returning +10.4% and +1.9%, while SPY returned +4.9% and -2.9%, respectively. This indicates TX has been having a stronger performance recently.

TX support price is $42.26 and resistance is $43.59 (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 TX stock will trade within this expected range on the day.