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The price of Frontline Plc (NYSE: FRO) closed at $23.99 in the last session, up 1.70% from day before closing price of $23.59. In other words, the price has increased by $1.70 from its previous closing price. On the day, 0.98 million shares were traded. FRO stock price reached its highest trading level at $24.4 during the session, while it also had its lowest trading level at $23.9.
Ratios:
We take a closer look at FRO’s different ratios to gain a better understanding of the stock. 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 5340725760 and an Enterprise Value of 9130259456. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.38, and their Forward P/E ratio for the next fiscal year is 7.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84 while its Price-to-Book (P/B) ratio in mrq is 2.25. Its current Enterprise Value per Revenue stands at 4.848 whereas that against EBITDA is 9.62.
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 $15.40. The 50-Day Moving Average of the stock is -7.01%, while the 200-Day Moving Average is calculated to be 3.58%.
Shares Statistics:
According to the various share statistics, FRO traded on average about 1.38M shares per day over the past 3-months and 1299790 shares per day over the past 10 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 31.71% stake in the company. Shares short for FRO as of 1721001600 were 6970221 with a Short Ratio of 5.05, compared to 1718323200 on 7970040. Therefore, it implies a Short% of Shares Outstanding of 6970221 and a Short% of Float of 4.8800003.
Dividends & Splits
The forward annual dividend rate for FRO is 2.09, which was 2.09 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.08859686The stock’s 5-year Average Dividend Yield is 11.48.
Earnings Estimates
The current rating of Frontline Plc (FRO) reflects the combined expertise of 8.0 analysts actively engaged in assessing its market performance.On average, analysts expect EPS of $0.65 for the current quarter, with a high estimate of $0.79 and a low estimate of $0.49, while EPS last year was $0.94. The consensus estimate for the next quarter is $0.6, with high estimates of $0.85 and low estimates of $0.34.
Analysts are recommending an EPS of between $4.11 and $2.39 for the fiscal current year, implying an average EPS of $3.27. EPS for the following year is $3.83, with 8.0 analysts recommending between $6.15 and $2.83.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $381.8M. It ranges from a high estimate of $455M to a low estimate of $343.48M. As of the current estimate, Frontline Plc’s year-ago sales were $512.76MFor the next quarter, 7 analysts are estimating revenue of $372.23M. There is a high estimate of $482M for the next quarter, whereas the lowest estimate is $302.6M.
A total of 9 analysts have provided revenue estimates for FRO’s current fiscal year. The highest revenue estimate was $2.69B, while the lowest revenue estimate was $1.44B, resulting in an average revenue estimate of $1.78B. In the same quarter a year ago, actual revenue was $1.8BBased on 8 analysts’ estimates, the company’s revenue will be $1.85B in the next fiscal year. The high estimate is $2.62B and the low estimate is $1.47B.
