Frontline Plc (NYSE:FRO) price on current trading day, fall -0.47% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.41.
A look at the stock’s price movement, the level at last check in today’s session was $17.49, moving within a range at $16.975 and $17.605. The beta value (5-Year monthly) was 0.107 while the PE ratio in trailing twelve months stood at 7.08. Turning to its 52-week performance, $29.39 and $13.17 were the 52-week high and 52-week low respectively. Overall, FRO moved 26.05% over the past month.
Frontline Plc’s market cap currently stands at around $3.88 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.95, with its dividend yield at 11.20%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 274.46M for the company’s revenue for the quarter, with a low and high estimate of 264.3M and 299.5M respectively. The average forecast suggests up to a 6.84% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.33B, representing a 12.10% jump on that reported in the last financial year.
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% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend FRO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FRO’s current price about 13.18% and 4.92% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.09, while 7-day volatility ratio is 3.99% and 3.55% in the 30-day chart. Further, Frontline Plc (FRO) has a beta value of 0.03, and an average true range (ATR) of 0.77. Analysts have given the company’s stock an average 52-week price target of $27.5, forecast between a low of $25 and high of $30. Looking at the price targets, the low is -43.6% off recent price level in today’s trading while to achieve the yearly target high, it has to move -72.31%. Nonetheless, investors will most likely welcome a -57.96% jump to $27.5 which is the analysts’ median price.
If we refocus on Frontline Plc (NYSE:FRO), historical trading data shows that trading volumes averaged 5.3 over the past 10 days and 3.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 222.62 million shares.
The 35.74% of Frontline Plc’s shares are in the hands of company insiders while institutional holders own 25.33% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.14 million on 2024-11-15, giving us a short ratio of 3.2. The data shows that as of 2024-11-15 short interest in Frontline Plc (FRO) stood at 499.0 of shares outstanding, with shares short falling to 7.17 million registered in 2024-10-15. Current price change has pushed the stock 22.67% 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.
