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After finishing at $19.55 in the prior trading day, Frontline Plc (NYSE: FRO) closed at $19.03, down -2.66%. In other words, the price has decreased by -$2.66 from its previous closing price. On the day, 1.62 million shares were traded. FRO stock price reached its highest trading level at $19.52 during the session, while it also had its lowest trading level at $18.95.
Ratios:
Our goal is to gain a better understanding of FRO by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.38. In the meantime, Its Debt-to-Equity ratio is 1.59 whereas as Long-Term Debt/Eq ratio is at 1.40.
On March 21, 2024, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $22 to $30.
Deutsche Bank Upgraded its Hold to Buy on January 09, 2024, whereas the target price for the stock was revised from $17 to $26.
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 4236516096 and an Enterprise Value of 7728083456. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.13, and their Forward P/E ratio for the next fiscal year is 6.24. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 1.75. Its current Enterprise Value per Revenue stands at 4.011 whereas that against EBITDA is 8.252.
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 $18.26. The 50-Day Moving Average of the stock is -11.12%, while the 200-Day Moving Average is calculated to be -19.33%.
Shares Statistics:
The stock has traded on average 2.05M shares per day over the past 3-months and 1972590 shares per day over the last 10 days, according to various share statistics. A total of 222.62M shares are outstanding, with a floating share count of 143.05M. Insiders hold about 35.74% of the company’s shares, while institutions hold 25.59% stake in the company. Shares short for FRO as of 1730332800 were 7698638 with a Short Ratio of 3.75, compared to 1727654400 on 8707355. Therefore, it implies a Short% of Shares Outstanding of 7698638 and a Short% of Float of 5.390000000000001.
Dividends & Splits
In the trailing 12 months, FRO’s forward annual dividend rate was 1.91, compared to 1.91 this year. Against a Trailing Annual Dividend Yield of 0.09769821The stock’s 5-year Average Dividend Yield is 11.48.
