Analytical Lens: Exploring Frontline Plc (FRO)’s Financial Story Through Ratios

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The closing price of Frontline Plc (NYSE: FRO) was $26.88 for the day, down -3.83% from the previous closing price of $27.95. In other words, the price has decreased by -$3.83 from its previous closing price. On the day, 2.31 million shares were traded. FRO stock price reached its highest trading level at $27.63 during the session, while it also had its lowest trading level at $26.765.

Ratios:

Our analysis of FRO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.75 and its Current Ratio is at 1.75. In the meantime, Its Debt-to-Equity ratio is 1.72 whereas as Long-Term Debt/Eq ratio is at 1.59.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Jefferies on March 21, 2024, Upgraded its rating to Buy and sets its target price to $30 from $22 previously.

On January 09, 2024, Deutsche Bank Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $17 to $26.

Deutsche Bank Downgraded its Buy to Hold on August 25, 2023, while the target price for the stock was maintained at $17.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FRO now has a Market Capitalization of 6222316544 and an Enterprise Value of 9773639680. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.39, and their Forward P/E ratio for the next fiscal year is 8.01. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18 while its Price-to-Book (P/B) ratio in mrq is 2.52. Its current Enterprise Value per Revenue stands at 5.19 whereas that against EBITDA is 10.298.

Stock Price History:

Over the past 52 weeks, FRO has reached a high of $29.39, while it has fallen to a 52-week low of $13.35. The 50-Day Moving Average of the stock is 7.16%, while the 200-Day Moving Average is calculated to be 23.23%.

Shares Statistics:

FRO traded an average of 1.67M shares per day over the past three months and 1786820 shares per day over the past ten days. A total of 222.62M shares are outstanding, with a floating share count of 143.15M. Insiders hold about 35.70% of the company’s shares, while institutions hold 26.08% stake in the company. Shares short for FRO as of 1715731200 were 7400088 with a Short Ratio of 4.44, compared to 1713139200 on 6937603. Therefore, it implies a Short% of Shares Outstanding of 7400088 and a Short% of Float of 5.1799998.

Dividends & Splits

With its trailing 12-month dividend rate of 2.09, FRO has a forward annual dividend rate of 2.17. Against a Trailing Annual Dividend Yield of 0.07477638The stock’s 5-year Average Dividend Yield is 11.48.

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