Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Frontline Plc (NYSE: FRO) closed the day trading at $23.41 up 2.27% from the previous closing price of $22.89. In other words, the price has increased by $2.27 from its previous closing price. On the day, 0.9 million shares were traded. FRO stock price reached its highest trading level at $23.5088 during the session, while it also had its lowest trading level at $22.7.
Ratios:
For a better understanding of FRO, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.79 and its Current Ratio is at 1.78. In the meantime, Its Debt-to-Equity ratio is 1.52 whereas as Long-Term Debt/Eq ratio is at 1.40.
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 5211604480 and an Enterprise Value of 8238608896. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.94, and their Forward P/E ratio for the next fiscal year is 6.70. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 2.29. Its current Enterprise Value per Revenue stands at 4.571 whereas that against EBITDA is 8.621.
Stock Price History:
Over the past 52 weeks, FRO has reached a high of $25.14, while it has fallen to a 52-week low of $13.35. The 50-Day Moving Average of the stock is 0.39%, while the 200-Day Moving Average is calculated to be 14.91%.
Shares Statistics:
Over the past 3-months, FRO traded about 2.06M shares per day on average, while over the past 10 days, FRO traded about 1632600 shares per day. 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 25.73% stake in the company. Shares short for FRO as of 1711584000 were 7054342 with a Short Ratio of 3.43, compared to 1709164800 on 6102763. Therefore, it implies a Short% of Shares Outstanding of 7054342 and a Short% of Float of 4.93.
Dividends & Splits
FRO’s forward annual dividend rate is 2.17, up from 2.17 a year ago. Against a Trailing Annual Dividend Yield of 0.09480123The stock’s 5-year Average Dividend Yield is 11.48.
