Frontline Plc (NYSE: FRO) has a higher price-to-earnings ratio of 9.09x compared to its average ratio. FRO has 36-month beta value of 0.07. 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 4.58% ratio of that float. The average trading volume of FRO on June 26, 2024 was 1.50M shares.
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FRO) stock’s latest price update
The stock of Frontline Plc (NYSE: FRO) has increased by 1.33 when compared to last closing price of 25.69. Despite this, the company has experienced a 5.47% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-06-24 that BALTIMORE, Md., June 24, 2024 (GLOBE NEWSWIRE) — Verizon Frontline will demonstrate a number of innovative solutions designed to deliver mission-critical communications capabilities to public safety, government and military agencies during AFCEA’s annual TechNet Cyber event.
FRO’s Market Performance
Frontline Plc (FRO) has seen a 5.47% rise in stock performance for the week, with a -8.82% decline in the past month and a 14.17% surge in the past quarter. The volatility ratio for the week is 1.88%, and the volatility levels for the past 30 days are at 2.19% for FRO. The simple moving average for the past 20 days is -1.75% for FRO’s stock, with a 16.09% 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 1.05% 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 -11.43% of loss for the given period.
Volatility was left at 2.19%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares sank -11.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.08% upper at present.
During the last 5 trading sessions, FRO rose by +4.82%, which changed the moving average for the period of 200-days by +50.41% in comparison to the 20-day moving average, which settled at $26.33. In addition, Frontline Plc saw 29.83% 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:
- 0.38 for the present operating margin
- 0.4 for the gross margin
The net margin for Frontline Plc stands at 0.34. The total capital return value is set at 0.12. Equity return is now at value 27.73, with 11.24 for asset returns.
Based on Frontline Plc (FRO), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.72. The interest coverage ratio of the stock is 3.76.
Currently, EBITDA for the company is 938.33 million with net debt to EBITDA at 3.92. When we switch over and look at the enterprise to sales, we see a ratio of 5.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.75.
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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
