Frontline Plc (FRO) – key numbers that make it a Strong Buy For Now

Frontline Plc (NYSE: FRO) is 28.08% higher on its value in year-to-date trading and has touched a low of $17.39 and a high of $29.39 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FRO stock was last observed hovering at around $24.51 in the last trading session, with the day’s gains setting it 1.17%.

Currently trading at $25.68, the stock is 11.91% and 9.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.34 million and changing 4.77% at the moment leaves the stock 8.16% off its SMA200. FRO registered 37.40% gain for a year compared to 6-month loss of 9.32%. The firm has a 50-day simple moving average (SMA 50) of $23.4086 and a 200-day simple moving average (SMA200) of $23.7682.

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The stock witnessed a 15.57% gain in the last 1 month and extending the period to 3 months gives it a 9.28%, and is 12.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.20% over the week and 2.68% over the month.

Frontline Plc (FRO) has around 88 employees, a market worth around $5.72B and $1.93B in sales. Current P/E ratio is 9.62 and Fwd P/E is 7.84. Profit margin for the company is 30.86%. Distance from 52-week low is 47.67% and -12.62% from its 52-week high. The company has generated returns on investments over the last 12 months (10.20%).

The EPS is expected to grow by 1.44% this year.

Frontline Plc (FRO) Top Institutional Holders

293.0 institutions hold shares in Frontline Plc (FRO), with institutional investors hold 46.14% of the company’s shares. The shares outstanding are 222.62M, and float is at 143.15M with Short Float at 6.05%. Institutions hold 29.63% of the Float.

The top institutional shareholder in the company is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with over 6.7 million shares valued at $173.72 million. The investor’s holdings represent 3.0103% of the FRO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.38 million shares valued at $138.52 million to account for 2.4155 of the shares outstanding. The other top investors are FMR LLC which holds 5.25 million shares representing 2.3573% and valued at over $135.19 million, while HSBC HOLDINGS PLC holds 0.8682 of the shares totaling 1.93 million with a market value of $50.68 million.