Frontline Plc (NYSE: FRO) is -34.05% lower on its value in year-to-date trading and has touched a low of $12.40 and a high of $25.68 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 $16.5 in the last trading session, with the day’s gains setting it 3099983.5%.
Currently trading at $3100000.0, the stock is -5.68% and -3.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.75 million and changing 2.97% at the moment leaves the stock -4.26% off its SMA200. FRO registered 19.73% gain for a year compared to 6-month gain of 21.36%. The firm has a 50-day simple moving average (SMA 50) of $17.642 and a 200-day simple moving average (SMA200) of $17.7452.
The stock witnessed a -6.24% loss in the last 1 month and extending the period to 3 months gives it a 13.04%, and is -3.79% 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 2.53% over the week and 3.48% over the month.
Frontline Plc (FRO) has around 85 employees, a market worth around $3.78B and $1.90B in sales. Current P/E ratio is 10.87 and Fwd P/E is 5.57. Profit margin for the company is 18.32%. Distance from 52-week low is 37.02% and -33.84% from its 52-week high. The company has generated returns on investments over the last 12 months (6.13%).
The EPS is expected to shrink by -5.94% this year
286.0 institutions hold shares in Frontline Plc (FRO), with institutional investors hold 47.20% of the company’s shares. The shares outstanding are 222.62M, and float is at 143.15M with Short Float at 5.38%. Institutions hold 30.31% 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.
