Frontline Plc (NYSE: FRO) is -9.58% lower on its value in year-to-date trading and has touched a low of $13.17 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 $14.34 in the last trading session, with the day’s loss setting it -1.51%.
Currently trading at $12.83, the stock is -16.87% and -21.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.5 million and changing -10.53% at the moment leaves the stock -35.20% off its SMA200. FRO registered -47.50% loss for a year compared to 6-month loss of -46.70%. The firm has a 50-day simple moving average (SMA 50) of $16.3306 and a 200-day simple moving average (SMA200) of $19.7997.
The stock witnessed a -20.75% gain in the last 1 month and extending the period to 3 months gives it a -12.66%, and is -14.30% 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 3.51% over the week and 3.26% over the month.
Current P/E ratio is 5.76 and Fwd P/E is 4.12. Profit margin for the company is 24.17%. Distance from 52-week low is -2.58% and -56.35% from its 52-week high. The company has generated returns on investments over the last 12 months (8.81%).
with sales reaching $253.63M over the same period.The EPS is expected to grow by 2.75% this year, but quarterly earnings will post 2.43% year-over-year. Quarterly sales are estimated to shrink -31.67% in year-over-year returns.
Frontline Plc (FRO) Top Institutional Holders
281.0 institutions hold shares in Frontline Plc (FRO), with institutional investors hold 44.69% of the company’s shares. The shares outstanding are 222.62M, and float is at 143.15M with Short Float at 6.04%. Institutions hold 28.70% 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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