Currently, there are 222.62M common shares owned by the public and among those 143.05M shares have been available to trade.
The company’s stock has a 5-day price change of 14.99% and -3.18% over the past three months. FRO shares are trading 32.98% year to date (YTD), with the 12-month market performance down to -14.38% lower. It has a 12-month low price of $13.17 and touched a high of $29.39 over the same period. FRO has an average intraday trading volume of 3.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 11.02%, 17.46%, and -13.60% respectively.
Institutional ownership of Frontline Plc (NYSE: FRO) shares accounts for 24.92% of the company’s 222.62M shares outstanding.
It has a market capitalization of $4.20B and a beta (3y monthly) value of 0.00. The stock’s trailing 12-month PE ratio is 7.68, while the earnings-per-share (ttm) stands at $2.46. The company has a PEG of 2.03 and a Quick Ratio of 1.43 with the debt-to-equity ratio at 1.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.66% over the week and 4.17% over the month.
Earnings per share for the fiscal year are expected to decrease by -26.92%, and 19.92% over the next financial year.
Looking at the support for the FRO, a number of firms have released research notes about the stock. Kepler stated their Hold rating for the stock in a research note on December 12, 2024, with the firm’s price target at $15.83. BTIG Research coverage for the Frontline Plc (FRO) stock in a research note released on October 07, 2024 offered a Buy rating with a price target of $30. Jefferies was of a view on March 21, 2024 that the stock is Buy, while Deutsche Bank gave the stock Buy rating on January 09, 2024, issuing a price target of $17- $26. Deutsche Bank on their part issued Hold rating on August 25, 2023.
