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In the latest session, Frontline Plc (NYSE: FRO) closed at $22.11 up 0.41% from its previous closing price of $22.02. In other words, the price has increased by $0.41 from its previous closing price. On the day, 1.38 million shares were traded. FRO stock price reached its highest trading level at $22.39 during the session, while it also had its lowest trading level at $22.0.
Ratios:
For a deeper understanding of Frontline Plc’s stock, let’s take a closer look at its various 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 4922194944 and an Enterprise Value of 8413762048. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.28, and their Forward P/E ratio for the next fiscal year is 6.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.55 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 4.367 whereas that against EBITDA is 8.984.
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 $18.34. The 50-Day Moving Average of the stock is -5.38%, while the 200-Day Moving Average is calculated to be -7.45%.
Shares Statistics:
For the past three months, FRO has traded an average of 1.73M shares per day and 1983560 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 26.13% stake in the company. Shares short for FRO as of 1727654400 were 8707355 with a Short Ratio of 5.03, compared to 1724976000 on 7213964. Therefore, it implies a Short% of Shares Outstanding of 8707355 and a Short% of Float of 6.0900003.
Dividends & Splits
According to the company, the forward annual dividend rate for FRO is 1.91, from 1.91 in the trailing year. Against a Trailing Annual Dividend Yield of 0.086739324The stock’s 5-year Average Dividend Yield is 11.48.
