Frontline Plc (NYSE: FRO) has a higher price-to-earnings ratio of 9.62x compared to its average ratio. FRO has 36-month beta value of 0.08. 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 6.05% ratio of that float. The average trading volume of FRO on October 08, 2024 was 1.62M shares.
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FRO) stock’s latest price update
Frontline Plc (NYSE: FRO)’s stock price has increased by 4.77 compared to its previous closing price of 24.51. However, the company has seen a 12.39% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-30 that –Encouraging progression-free survival data in overall population; continued follow-up needed to allow data to mature further, especially in low ctDNA subgroup where events accrue more slowly
FRO’s Market Performance
Frontline Plc (FRO) has experienced a 12.39% rise in stock performance for the past week, with a 15.57% rise in the past month, and a 9.28% rise in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 2.68% for FRO. The simple moving average for the last 20 days is 11.91% for FRO stock, with a simple moving average of 8.16% for the last 200 days.
Analysts’ Opinion of FRO
Jefferies, on the other hand, stated in their research note that they expect to see FRO reach a price target of $30, previously predicting the price at $22. The rating they have provided for FRO stocks is “Buy” according to the report published on March 21st, 2024.
Deutsche Bank gave a rating of “Buy” to FRO, setting the target price at $26 in the report published on January 09th of the current year.
FRO Trading at 9.90% 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 -12.62% of loss for the given period.
Volatility was left at 2.68%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +15.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.86% upper at present.
During the last 5 trading sessions, FRO rose by +12.39%, which changed the moving average for the period of 200-days by +24.30% in comparison to the 20-day moving average, which settled at $23.12. In addition, Frontline Plc saw 28.08% 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:
- 0.35 for the present operating margin
- 0.37 for the gross margin
The net margin for Frontline Plc stands at 0.31. The total capital return value is set at 0.11. Equity return is now at value 25.17, with 10.66 for asset returns.
Based on Frontline Plc (FRO), the company’s capital structure generated 0.61 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 1.59. The interest coverage ratio of the stock is 2.88.
Currently, EBITDA for the company is 938.33 million with net debt to EBITDA at 3.72. When we switch over and look at the enterprise to sales, we see a ratio of 4.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.38.
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.
