Frontline Plc (NYSE: FRO) is -21.78% 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 $18.52 in the last trading session, with the day’s gains setting it 0.66%.
Currently trading at $19.18, the stock is 5.59% and 5.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.08 million and changing 3.56% at the moment leaves the stock 10.65% off its SMA200. FRO registered 35.17% gain for a year compared to 6-month gain of 19.88%. The firm has a 50-day simple moving average (SMA 50) of $18.1542 and a 200-day simple moving average (SMA200) of $17.33465.
The stock witnessed a 10.29% loss in the last 1 month and extending the period to 3 months gives it a 15.82%, and is 6.03% 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 1.77% over the week and 2.40% over the month.
Frontline Plc (FRO) has around 85 employees, a market worth around $4.27B and $1.90B in sales. Current P/E ratio is 12.27 and Fwd P/E is 6.26. Profit margin for the company is 18.32%. Distance from 52-week low is 54.68% and -25.31% 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 -8.46% this year.
Frontline Plc (FRO) Top Institutional Holders
287.0 institutions hold shares in Frontline Plc (FRO), with institutional investors hold 48.34% of the company’s shares. The shares outstanding are 222.62M, and float is at 143.15M with Short Float at 5.56%. Institutions hold 31.04% 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.
