Frontline plc (NYSE:FRO) saw an upside of 0.14% to $18.06 after adding $0.03 on Tuesday. The 5-day average trading volume is 1,761,399 shares of the company’s common stock. It has gained $18.32 in the past week and touched a new high 2 times within the past 5 days. An average of 1,716,620 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,668,838.
FRO’s 1-month performance is 20.37% or $3.26 on its low of $14.84 reached on 07/24/23. The company’s shares have touched a 52-week low of $10.10 and high of $19.29, with the stock’s rally to the 52-week high happening on 03/01/23. YTD, FRO has achieved 48.72% or $5.93 and has reached a new high 17 times. However, the current price is down -6.39% from the 52-week high price.
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Valuation Metrics
FRO stock has a beta of 0.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.35 while the price-to-book (PB) in the most recent quarter is 1.81.
As well, the company’s long term debt to equity for the quarter ending March 30 was 0.91, while the total debt to equity was 1.07. In terms of profitability, the gross margin trailing 12 months is 51.60%. The trailing 12-month EBITDA margin is 32.85%. The firm’s gross profit as reported stood at $657.54 million against revenue of $1.44 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 102.34% to $475.54 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected FRO to announce $0.96 per share in earnings in its latest quarter, but it posted $0.87, representing a -9.40% surprise. EBITDA for the quarter stood at more than $296.44 million. FRO stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 2.5 billion, with total debt at $2.39 billion.
Let’s look briefly at Frontline plc (FRO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 79.76% to suggest the stock is trending Overbought, with historical volatility in this time period at 8.61%.
The stock’s 5-day moving average is $18.01, reflecting a +2.03% or $0.36 change from its current price. FRO is currently trading +15.17% above its 20-day SMA, +9.91% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +23.18% and SMA200 by+37.62%.
Stochastic %K and %D was 86.21% and 87.62% and the average true range (ATR) pointed at 0.44. The RSI (14) points at 73.89%, while the 14-day stochastic is at 83.16% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at 0.22 and 0.41 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Frontline plc (NYSE: FRO), JP Morgan launched coverage with a Neutral rating. Analysts offering their rating for FRO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FRO as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.
What is FRO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $17.00 and a high of $302.00, with their median price target at $21.52. Looking at these predictions, the average price target given by analysts is for Frontline plc (FRO) stock is $41.68.
