Frontline Plc (NYSE: FRO) is -4.59% lower on its value in year-to-date trading and has touched a low of $18.34 and a high of $29.39 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FRO stock was last observed hovering at around $19.39 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $19.13, the stock is -10.93% and -14.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.09 million and changing -1.34% at the moment leaves the stock -19.57% off its SMA200. FRO registered -15.99% loss for a year compared to 6-month loss of -22.33%. The firm has a 50-day simple moving average (SMA 50) of $22.5518 and a 200-day simple moving average (SMA200) of $23.80115.
The stock witnessed a -21.95% gain in the last 1 month and extending the period to 3 months gives it a -16.10%, and is -3.19% down 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 2.08% over the week and 2.29% over the month.
Frontline Plc (FRO) has around 88 employees, a market worth around $4.24B and $1.93B in sales. Current P/E ratio is 7.16 and Fwd P/E is 6.07. Profit margin for the company is 30.86%. Distance from 52-week low is 4.31% and -34.91% from its 52-week high. The company has generated returns on investments over the last 12 months (10.20%).
with sales reaching $375.63M over the same period.The EPS is expected to shrink by -2.66% this year, but quarterly earnings will post -2.10% year-over-year. Quarterly sales are estimated to shrink -0.40% in year-over-year returns.
Frontline Plc (FRO) Top Institutional Holders
290.0 institutions hold shares in Frontline Plc (FRO), with institutional investors hold 47.23% of the company’s shares. The shares outstanding are 222.62M, and float is at 143.15M with Short Float at 5.01%. Institutions hold 30.33% 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.
Frontline Plc (FRO) Insider Activity
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