Frontline Plc (FRO) concluded trading on Thursday at a closing price of $16.78, with 5.91 million shares of worth about $99.19 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.99% during that period and on November 28, 2024 the price saw a loss of about -7.14%. Currently the company’s common shares owned by public are about 222.62M shares, out of which, 143.05M shares are available for trading.
Stock saw a price change of -17.18% in past 5 days and over the past one month there was a price change of -15.04%. Year-to-date (YTD), FRO shares are showing a performance of -16.31% which decreased to -22.42% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $18.02 but also hit the highest price of $29.39 during that period. The average intraday trading volume for Frontline Plc shares is 2.10 million. The stock is currently trading -12.59% below its 20-day simple moving average (SMA20), while that difference is down -20.77% for SMA50 and it goes to -28.70% lower than SMA200.
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Frontline Plc (NYSE: FRO) currently have 222.62M outstanding shares and institutions hold larger chunk of about 25.58% of that.
The stock has a current market capitalization of $3.47B and its 3Y-monthly beta is at 0.07. PE ratio of stock for trailing 12 months is 6.28, while it has posted earnings per share of $2.67 in the same period. It has Quick Ratio of 0.92 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 3.27% while standing at 2.64% over the month.
Stock’s fiscal year EPS is expected to drop by -7.63% while it is estimated to increase by 11.50% 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 BTIG Research on October 07, 2024 offering a Buy rating for the stock and assigned a target price of $30 to it. Coverage by Jefferies stated Frontline Plc (FRO) stock as a Buy in their note to investors on March 21, 2024, suggesting a price target of $30 for the stock. On January 09, 2024, Deutsche Bank Upgrade their recommendations, while on August 25, 2023, Deutsche Bank Downgrade their ratings for the stock with a price target of $17. Stock get a Neutral rating from JP Morgan on August 15, 2023.
