Frontline Plc (FRO) concluded trading on 01/11/24 at a closing price of $21.41, with 2.73 million shares of worth about $58.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.57% during that period and on Thursday the price saw a loss of about -1.83%. Currently the company’s common shares owned by public are about 222.62M shares, out of which, 143.15M shares are available for trading.
Frontline Plc (NYSE: FRO) started trading at $21.23, below -$0.58 from concluding price of the previous day. However, the stock later moved at a day high price of 21.55, or with a loss of -1.83%. Stock saw a price change of 2.29% in past 5 days and over the past one month there was a price change of 12.86%. Year-to-date (YTD), FRO shares are showing a performance of 6.78% which increased to 50.35% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.10 but also hit the highest price of $22.95 during that period. The average intraday trading volume for Frontline Plc shares is 2.84 million. The stock is currently trading 4.17% above its 20-day simple moving average (SMA20), while that difference is up 2.04% for SMA50 and it goes to 21.59% higher than SMA200.
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Frontline Plc (NYSE: FRO) currently have 222.62M outstanding shares and institutions hold larger chunk of about 26.56% of that.
The stock has a current market capitalization of $4.77B and its 3Y-monthly beta is at 0.14. It has Quick Ratio of 1.79 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FRO, volatility over the week remained 3.41% while standing at 3.19% over the month.
Analysts are in expectations that Frontline Plc (FRO) stock would likely to be making an EPS of $0.46 in the current quarter, while forecast for next quarter EPS is $0.68 and it is $3.41 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.34 which is $0.57 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.97 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 35.99% while it is estimated to increase by 10.79% in next year.
Analysts at 14 brokerage firms have issued recommendations for the Frontline Plc (FRO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.43. Out of those 14 Wall Street analysts, 11 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 09, 2024 offering a Buy rating for the stock and assigned a target price range of between $17 and $26 to it.
