Frontline Plc (NYSE: FRO)’s stock price has plunge by 2.33relation to previous closing price of 23.39. Nevertheless, the company has seen a 2.11% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that With the summer months being traditionally weak for the stock market, astute investors should place bets on NNN REIT (NNN), Getty Realty (GTY) and Frontline (FRO) for steady income.
Is It Worth Investing in Frontline Plc (NYSE: FRO) Right Now?
The price-to-earnings ratio for Frontline Plc (NYSE: FRO) is above average at 8.12x, Company’s 36-month beta value is 0.05.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for FRO is 143.15M, and currently, short sellers hold a 4.85% ratio of that floaft. The average trading volume of FRO on May 02, 2024 was 1.90M shares.
FRO’s Market Performance
FRO stock saw a decrease of 2.11% in the past week, with a monthly decline of -2.07% and a quarterly a decrease of 8.60%. The volatility ratio for the week is 2.41%, and the volatility levels for the last 30 days are 2.76% for Frontline Plc (FRO). The simple moving average for the past 20 days is 1.48% for FRO’s stock, with a 15.90% simple moving average for the past 200 days.
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 2.56% 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 -4.77% of loss for the given period.
Volatility was left at 2.76%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares sank -1.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.17% upper at present.
During the last 5 trading sessions, FRO rose by +2.26%, which changed the moving average for the period of 200-days by +58.53% in comparison to the 20-day moving average, which settled at $23.57. In addition, Frontline Plc saw 19.38% 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 4.55.
Currently, EBITDA for the company is 938.33 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 4.71. The receivables turnover for the company is 12.52for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.78.
Conclusion
In a nutshell, Frontline Plc (FRO) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
