The trading price of Frontline Plc (NYSE:FRO) floating lower at last check on current market day and closing at $17.68, -5.68% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 11.31. In examining the 52-week price action we see that the stock hit a 52-week high of $29.39 and a 52-week low of $12.40. Over the past month, the stock has gained 8.56% in value.
Frontline Plc, whose market valuation is $3.94 billion at the time of this writing, is expected to release its quarterly earnings report in June. The dividend yield on the company stock is 10.07%, while its Forward Dividend ratio is 1.78. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest FRO has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently Hold.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned FRO a recommendation rating is 4. Out of them, 2 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Frontline Plc (FRO) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.69, which symbolizes a positive outlook. A quick review shows that FRO’s price is currently 0.01% off the SMA20 and 8.95% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.33, and weekly volatility stands at 4.29%. When measured over the past 30 days, the indicator reaches 2.30%. Frontline Plc (NYSE:FRO)’s beta value is currently sitting at 0.31, while the Average True Range indicator is currently displaying 0.67. With analysts defining $12.49-$12.49 as the low and high price targets, we arrive at a consensus price target of $12.49 for the trailing 12-month period. The current price is about 29.36% off the estimated low and 29.36% off the forecast high, based on this estimate. Investors will be thrilled if FRO’s share price rises to $12.49, which is the median consensus price. At that level, FRO’s share price would be 29.36% above current price.
To see how Frontline Plc stock has been performing today in comparison to its peers in the industry, here are the numbers: FRO stock’s performance was -5.68% at last check in today’s session, and -36.75% in the past year. Frontline Plc has a P/E ratio of 11.31.
An evaluation of the daily trading volume of Frontline Plc (NYSE:FRO) indicates that the 3-month average is 3.06 million.
Currently, records show that 222.62 million of the company’s shares remain outstanding. The insiders hold 35.70% of outstanding shares, whereas institutions hold 25.54%. However, since the stock’s price has seen 24.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
