Frontline Ltd. (NYSE:FRO) price on Friday, August 27, fall -3.48% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.34.
A look at the stock’s price movement, the level at last check in today’s session was $7.61, moving within a range at $7.42 and $7.73. The beta value (5-Year monthly) was 0.44 while the PE ratio in trailing twelve months stood at 5.45. Turning to its 52-week performance, $9.21 and $5.28 were the 52-week high and 52-week low respectively. Overall, FRO moved -4.40% over the past month.
Frontline Ltd.’s market cap currently stands at around $1.57 billion. The company has a Forward Dividend ratio of 2.00, with its dividend yield at 26.28%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be -$0.1, which has seen fiscal year 2021 EPS growth forecast to increase to $0.13 and about $1.37 for fiscal year 2022.
Analysts have a consensus estimate of $88.8 million for the company’s revenue for the quarter, with a low and high estimate of $77 million and $103 million respectively. The average forecast suggests down to a -77.10% growth in sales growth compared to quarterly growth in the same period last fiscal year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that FRO is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
FRO’s current price about -2.36% and -8.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.64, while 7-day volatility ratio is 2.67% and 2.75% in the 30-day chart. Further, Frontline Ltd. (FRO) has a beta value of 0.45, and an average true range (ATR) of 0.25.
In the market, a comparison of Frontline Ltd. (FRO) and its peers suggest the former has performed considerably weaker. Data shows FRO’s intraday price has changed -3.48% today and -7.98% over the past year. Comparatively, Teekay LNG Partners L.P. (TGP) has moved 0.96% so far today and only 18.95% in the past 12 months. Looking at another peer, we see that Ardmore Shipping Corporation (ASC) price has gained 4.36% on the day. However, the stock is -17.14% off its price today a year ago. Moreover, Teekay Corporation (TK) is also up 3.24% in today’s trading while keeping a an uptrend of 12.69% over the past year. If we look at the PE ratio, we find that Frontline Ltd.’s ratio stands at 5.45 compared to Teekay LNG Partners L.P.’s 6.43. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.91% and 0.74% respectively on the day as seen in early trades.
If we refocus on Frontline Ltd. (NYSE:FRO), historical trading data shows that trading volumes averaged 1.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 197.69 million shares.
The 33.80% of Frontline Ltd.’s shares are in the hands of company insiders while institutional holders own 21.10% of the company’s shares. Current price change has pushed the stock 22.35% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FRO stock continues to rise going into the next quarter.