Frontline Plc (NYSE:FRO) shares, rose in value, with the stock price up by 3.93% to the previous day’s close as strong demand from buyers drove the stock to $17.98.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.30, falling within a range of $17.83 and $18.34. The value of beta (5-year monthly) is 0.107 whereas the PE ratio is 7.31 over 12-month period. Referring to stock’s 52-week performance, its high was $29.39, and the low was $13.17. On the whole, FRO has fluctuated by -3.85% over the past month.
With the market capitalization of Frontline Plc currently standing at about $4.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.95, with its dividend yield at 10.85%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.34B, with a low estimate of 266.87M and a high estimate of 283.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 273.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FRO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.95, with the price of FRO currently trading nearly 3.87% and 12.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.84, while the 7-day volatility ratio is showing 3.17% which for the 30-day chart, stands at 3.83%. Furthermore, Frontline Plc (FRO)’s beta value is 0.00, and its average true range (ATR) is 0.75.
A comparison of Frontline Plc (FRO) with its peers suggests the former has fared considerably weaker in the market. FRO showed an intraday change of 3.93% in today’s session so far, and over the past year, it shrunk by -21.24%%.
Data on historical trading for Frontline Plc (NYSE:FRO) indicates that the trading volumes over the past 10 days have averaged 3.15 and over the past 3 months, they’ve averaged 3.46 million. According to company’s latest data on outstanding shares, there are 222.62 million shares outstanding.
Nearly 35.74% of Frontline Plc’s shares belong to company insiders and institutional investors own 23.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.14 million shares as on 2024-11-15, resulting in a short ratio of 3.2. According to the data, the short interest in Frontline Plc (FRO) stood at 499.00 of shares outstanding as of 2024-11-15; the number of short shares registered in 2024-10-15 reached 7.17 million. The stock has risen by 26.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FRO stock heading into the next quarter.
