Stock Performance Spotlight: Frontline Plc (FRO) Ends the Day at 23.80, Down by -2.30

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As of close of business last night, Frontline Plc’s stock clocked out at $23.80, down -2.30% from its previous closing price of $24.36. In other words, the price has decreased by -$2.30 from its previous closing price. On the day, 1.74 million shares were traded. FRO stock price reached its highest trading level at $24.23 during the session, while it also had its lowest trading level at $23.71.

Ratios:

To gain a deeper understanding of FRO’s stock, we examine its different ratios. 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 5298427392 and an Enterprise Value of 9087961088. As of this moment, Frontline’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.31, and their Forward P/E ratio for the next fiscal year is 7.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.81 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at 4.826 whereas that against EBITDA is 9.575.

Stock Price History:

The Beta on a monthly basis for FRO is 0.07, which has changed by 0.5159236 over the last 52 weeks, in comparison to a change of 0.2553556 over the same period for the S&P500. Over the past 52 weeks, FRO has reached a high of $29.39, while it has fallen to a 52-week low of $14.59. The 50-Day Moving Average of the stock is -8.55%, while the 200-Day Moving Average is calculated to be 4.71%.

Shares Statistics:

It appears that FRO traded 1.46M shares on average per day over the past three months and 1223300 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 26.06% stake in the company. Shares short for FRO as of 1718323200 were 7970040 with a Short Ratio of 5.45, compared to 1715731200 on 7400088. Therefore, it implies a Short% of Shares Outstanding of 7970040 and a Short% of Float of 5.58.

Dividends & Splits

With its trailing 12-month dividend rate of 2.09, FRO has a forward annual dividend rate of 2.09. Against a Trailing Annual Dividend Yield of 0.08579638The stock’s 5-year Average Dividend Yield is 11.48. The current Payout Ratio is 97.33% for FRO, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2016-02-03 when the company split stock in a 1:5 ratio.

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