Frontline Plc (FRO) concluded trading on Thursday at a closing price of $21.45, with 3.53 million shares of worth about $75.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -5.92% during that period and on September 25, 2024 the price saw a loss of about -5.46%. Currently the company’s common shares owned by public are about 222.62M shares, out of which, 143.15M shares are available for trading.
Stock saw a price change of -7.30% in past 5 days and over the past one month there was a price change of -11.22%. Year-to-date (YTD), FRO shares are showing a performance of 6.98% which increased to 17.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.02 but also hit the highest price of $29.39 during that period. The average intraday trading volume for Frontline Plc shares is 1.48 million. The stock is currently trading -6.07% below its 20-day simple moving average (SMA20), while that difference is down -8.77% for SMA50 and it goes to -9.04% lower than SMA200.
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Frontline Plc (NYSE: FRO) currently have 222.62M outstanding shares and institutions hold larger chunk of about 26.18% of that.
The stock has a current market capitalization of $4.78B and its 3Y-monthly beta is at 0.09. PE ratio of stock for trailing 12 months is 8.03, while it has posted earnings per share of $2.67 in the same period. It has Quick Ratio of 1.38 while making debt-to-equity ratio of 1.59. 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 2.30% while standing at 2.50% over the month.
Stock’s fiscal year EPS is expected to rise by 1.48% while it is estimated to increase by 23.07% in next year.
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 Jefferies on March 21, 2024 offering a Buy rating for the stock and assigned a target price range of between $22 and $30 to it. Coverage by Deutsche Bank stated Frontline Plc (FRO) stock as a Buy in their note to investors on January 09, 2024, suggesting a price target of $26 for the stock. On August 25, 2023, Deutsche Bank Downgrade their recommendations, while on August 15, 2023, JP Morgan Initiated their ratings for the stock with a price target of $20. Stock get a Buy rating from Deutsche Bank on June 30, 2023.
