Frontline Plc (NYSE: FRO) has a higher price-to-earnings ratio of 19.08x compared to its average ratio, and the 36-month beta value for FRO is at 0.30.
The public float for FRO is 143.11M, and currently, shorts hold a 3.45% of that float. The average trading volume for FRO on November 20, 2023 was 2.90M shares.
FRO) stock’s latest price update
Frontline Plc (NYSE: FRO)’s stock price has plunge by 2.47relation to previous closing price of 21.82. Nevertheless, the company has seen a 3.47% surge in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-17 that The S&P 500 and Nasdaq are amid another rally after entering “correction territory” in October. This week’s Consumer Price Index ( CPI ) report, which indicated headline U.S. inflation essentially stalled in October while the “core” consumer price index increased only 0.2% from September, is exciting traders and equities investors alike.
FRO’s Market Performance
Frontline Plc (FRO) has seen a 3.47% rise in stock performance for the week, with a 6.12% gain in the past month and a 24.78% surge in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.72% for FRO. The simple moving average for the past 20 days is 2.54% for FRO’s stock, with a 31.42% simple moving average for the past 200 days.
Analysts’ Opinion of FRO
Many brokerage firms have already submitted their reports for FRO stocks, with Deutsche Bank repeating the rating for FRO by listing it as a “Hold.” The predicted price for FRO in the upcoming period, according to Deutsche Bank is $17 based on the research report published on August 25, 2023 of the current year 2023.
FRO Trading at 12.53% from the 50-Day Moving Average
After a stumble in the market that brought FRO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.57% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +6.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.69% upper at present.
During the last 5 trading sessions, FRO rose by +3.38%, which changed the moving average for the period of 200-days by +53.22% in comparison to the 20-day moving average, which settled at $21.88. In addition, Frontline Plc saw 84.18% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FRO
Current profitability levels for the company are sitting at:
- +18.77 for the present operating margin
- +21.47 for the gross margin
The net margin for Frontline Plc stands at +30.70. The total capital return value is set at 4.33, while invested capital returns managed to touch 4.52. Equity return is now at value 13.98, with 5.91 for asset returns.
Based on Frontline Plc (FRO), the company’s capital structure generated 83.23 points at debt to equity in total, while total debt to capital is 45.42. Total debt to assets is 35.22, with long-term debt to equity ratio resting at 77.60. Finally, the long-term debt to capital ratio is 42.35.
When we switch over and look at the enterprise to sales, we see a ratio of 5.90, with the company’s debt to enterprise value settled at 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
In conclusion, Frontline Plc (FRO) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.