As of Friday close, Frontline Ltd.’s (NYSE:FRO) stock was up $0.08, moving up 0.51 percent to $15.90. The average number of shares traded per day over the past five days has been 4,313,380 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.03 fall in that time frame. In the last twenty days, the average volume was 3,549,635, while in the previous 50 days, it was 4,370,082.
Since last month, FRO stock retreated -9.09%. Shares of the company fell to $15.63 on 03/16/23, the lowest level in the past month. A 52-week high of $19.29 was reached on 03/01/23 after having rallying from a 52-week low of $7.48. Since the beginning of this year, FRO’s stock price has risen by 30.97% or $3.76, and marked a new high 17 times. However, the stock has declined by -17.56% since its 52-week high.
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Right now, Frontline Ltd. (FRO) has a P/E ratio of about 7.38. The stock’s beta is 0.29. Besides these, the trailing price-to-sales (P/S) ratio of 2.51, the price-to-book (PB) ratio of 1.56, and the price-to-cash flow ratio of 67.99 may also be considered.
The latest dividend of $0.30 per share was paid out, which is 100.0% more than last year’s $0.15. On Tuesday February 28 2023, a $0.15 dividend increase was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.93, and the total debt-to-equity ratio was 1.05. On the profitability front, the trailing twelve-month gross margin is 44.20% percent. In the year ended December 30, EBITDA margin amounted to 32.85%, whereas operating margins totaled 31.00%. Based on annual data, FRO earned $631.65 million in gross profit and brought in $1.43 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.50%. Return on equity (ROE) for the past 12 months was 24.00%.
In Frontline Ltd.’s quarter-end financial report for December 30, it reported total debt of $2.13 billion against cash and short-term investments of $2.44 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FRO’s revenue fell -62.96% during the quarter, while net income inched up to $749.38 million. While analysts expected Frontline Ltd. to report $1.06 quarterly earnings, the actual figure was $0.97 per share, beating the consensus estimate by -8.50%. During the quarter, the company generated $149.5 million in EBITDA. The liabilities of Frontline Ltd. were 2.52 billion at the end of its most recent quarter ended December 30, and its total debt was $2.37 billion.
This quick technical analysis looks at Frontline Ltd.’s (FRO) price momentum. With a historical volatility rate of 51.84%, the RSI 9-day stood at 31.15% on 17 March.
With respect to its five-day moving average, the current Frontline Ltd. price is down by -11.32% percent or -$2.03. At present, FRO shares trade -8.41% below its 20-day simple moving average and +27.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +48.88% above its SMA50 and +64.26% above its SMA200.
Stochastic coefficient K was 8.70% and Stochastic coefficient D was 17.51%, while ATR was 0.87. Given the Stochastic reading of 7.51% for the 14-day period, the RSI (14) reading has been calculated as 40.21%. As of today, the MACD Oscillator reading stands at -1.40, while the 14-day reading stands at -1.83.
Jefferies upgraded its rating on Frontline Ltd. (NYSE: FRO) to a Buy in a note to investors on September 06, 2022. The analysts firm previously had a Hold rating on the stock.Frontline Ltd. (FRO) has been rated Overweight by analysts. According to 0 brokerage firms, FRO is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Frontline Ltd. stock as buy, with 9 recommending it as overweight.
With a median target price of $21.73, the current consensus forecast for the stock is $15.84 – $27.79. Based on these forecasts, analysts predict Frontline Ltd. (FRO) will achieve an average price target of $21.11.