Frontline Plc (FRO): A Technical Analysis

The public float for FRO is 143.15M, and currently, short sellers hold a 4.29% ratio of that float. The average trading volume of FRO on February 12, 2024 was 1.46 shares.

FRO) stock’s latest price update

Frontline Plc (NYSE: FRO)’s stock price has soared by 22.97 in relation to previous closing price of 27.01. Nevertheless, the company has seen a gain of 5.76% in its stock price over the last five trading days. Zacks Investment Research reported 2024-02-06 that In the most recent trading session, Frontline (FRO) closed at $21.48, indicating a -1.1% shift from the previous trading day.

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FRO’s Market Performance

Frontline Plc (FRO) has experienced a 5.76% rise in stock performance for the past week, with a 7.29% rise in the past month, and a 7.99% rise in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are at 3.29% for FRO. The simple moving average for the last 20 days is 3.20% for FRO’s stock, with a simple moving average of Feb 29 BMO for the last 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 “Buy.” The predicted price for FRO in the upcoming period, according to Deutsche Bank is $26 based on the research report published on January 09, 2024 of the current year 2024.

FRO Trading at 25.51% 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 -1.25% of loss for the given period.

Volatility was left at 3.29%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares surge +4.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.78% upper at present.

During the last 5 trading sessions, FRO rose by +6.08%, which changed the moving average for the period of 200-days by +51.48% in comparison to the 20-day moving average, which settled at $22.12. In addition, Frontline Plc saw 14.56% in overturn over a single year, with a tendency to cut further gains.

Conclusion

To put it simply, Frontline Plc (FRO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.

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