Trading Update: Frontline Plc (FRO) Stock Endures 2.26% Monthly Volatility

The stock of Frontline Plc (FRO) has gone up by 5.75% for the week, with a 6.87% rise in the past month and a 19.59% rise in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are 2.26% for FRO. The simple moving average for the last 20 days is 3.53% for FRO stock, with a simple moving average of 22.20% for the last 200 days.

Is It Worth Investing in Frontline Plc (NYSE: FRO) Right Now?

Frontline Plc (NYSE: FRO) has a price-to-earnings ratio that is above its average at 8.18x. The stock has a 36-month beta value of 0.07. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for FRO is 143.15M, and at present, short sellers hold a 4.85% of that float. On April 03, 2024, the average trading volume of FRO was 2.31M shares.

FRO) stock’s latest price update

Frontline Plc (NYSE: FRO) has seen a rise in its stock price by 2.07 in relation to its previous close of 23.62. However, the company has experienced a 5.75% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-22 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?

Analysts’ Opinion of FRO

Many brokerage firms have already submitted their reports for FRO stocks, with Jefferies repeating the rating for FRO by listing it as a “Buy.” The predicted price for FRO in the upcoming period, according to Jefferies is $30 based on the research report published on March 21, 2024 of the current year 2024.

Deutsche Bank, on the other hand, stated in their research note that they expect to see FRO reach a price target of $26, previously predicting the price at $17. The rating they have provided for FRO stocks is “Buy” according to the report published on January 09th, 2024.

Deutsche Bank gave a rating of “Hold” to FRO, setting the target price at $17 in the report published on August 25th of the previous year.

FRO Trading at 5.59% 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 -1.73% of loss for the given period.

Volatility was left at 2.26%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +3.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.94% upper at present.

During the last 5 trading sessions, FRO rose by +5.86%, which changed the moving average for the period of 200-days by +57.03% in comparison to the 20-day moving average, which settled at $23.33. In addition, Frontline Plc saw 20.25% 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:

  • 0.41 for the present operating margin
  • 0.43 for the gross margin

The net margin for Frontline Plc stands at 0.36. The total capital return value is set at 0.14.

Based on Frontline Plc (FRO), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 4.36.

Currently, EBITDA for the company is 953.53 million with net debt to EBITDA at 3.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.

Conclusion

To sum up, Frontline Plc (FRO) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.

Related Posts