The stock of Frontline Plc (FRO) has gone up by 8.00% for the week, with a 9.54% rise in the past month and a 13.12% rise in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are 2.79% for FRO. The simple moving average for the last 20 days is 6.18% for FRO’s stock, with a simple moving average of 21.18% for the last 200 days.
Is It Worth Investing in Frontline Plc (NYSE: FRO) Right Now?
Frontline Plc (NYSE: FRO) has a higher price-to-earnings ratio of 8.57x compared to its average ratio. FRO has 36-month beta value of 0.05. Analysts have mixed views 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 float. The average trading volume of FRO on May 08, 2024 was 1.83M shares.
FRO) stock’s latest price update
The stock price of Frontline Plc (NYSE: FRO) has jumped by 1.57 compared to previous close of 24.87. Despite this, the company has seen a gain of 8.00% in its stock price over the last five trading days. 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.
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 7.63% 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 able to rebound, for now settling with 0.50% of gains for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +8.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.63% upper at present.
During the last 5 trading sessions, FRO rose by +7.48%, which changed the moving average for the period of 200-days by +67.60% in comparison to the 20-day moving average, which settled at $23.89. In addition, Frontline Plc saw 25.99% 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 4.88. 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
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.
