Frontline Ltd. [FRO] is 31.35% higher this YTD. Is it still time to buy?

Frontline Ltd. [NYSE: FRO] closed the trading session at $8.17 on 07/13/21. The day’s price range saw the stock hit a low of $8.17, while the highest price level was $8.49. The company report on June 29, 2021 that FRO – Acquisition of Two VLCCs.

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Frontline Ltd. (NYSE and OSE: FRO) (“Frontline” or the “Company”) announces that it has entered into an agreement to acquire two scrubber fitted, latest generation ECO-type VLCCs built in 2019 at Hyundai Heavy Industries (“HHI”) shipyard in South Korea for a total of $180.0 million.

The vessels are scheduled to deliver during fourth quarter of 2021. Frontline intends to meet the financing of this acquisition with existing borrowing facilities and establish long term financing closer to delivery of the vessels.

The stocks have a year to date performance of 31.35 percent and weekly performance of -7.89 percent. The stock has been moved at 28.26 percent over the last six months. The stock has performed -7.89 percent around the most recent 30 days and changed 22.49 percent over the most recent 3-months.

If compared to the average trading volume of 1.53M shares, FRO reached to a volume of 1599794 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Frontline Ltd. [FRO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRO shares is $12.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FRO stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Evercore ISI have made an estimate for Frontline Ltd. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 25, 2021. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Neutral. The new note on the price target was released on March 29, 2021, representing the official price target for Frontline Ltd. stock. Previously, the target price had yet another raise to $8, while Jefferies analysts kept a Hold rating on FRO stock. On February 19, 2021, analysts increased their price target for FRO shares from 5.50 to 7.

The Average True Range (ATR) for Frontline Ltd. is set at 0.31, with the Price to Sales ratio for FRO stock in the period of the last 12 months amounting to 1.58. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.84.

FRO stock trade performance evaluation

Frontline Ltd. [FRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.89. With this latest performance, FRO shares dropped by -7.89% in over the last four-week period, additionally plugging by 28.26% over the last 6 months – not to mention a rise of 10.55% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FRO stock in for the last two-week period is set at 41.03, with the RSI for the last a single of trading hit 34.74, and the three-weeks RSI is set at 45.13 for Frontline Ltd. [FRO]. The present Moving Average for the last 50 days of trading for this stock 8.45, while it was recorded at 8.55 for the last single week of trading, and 7.17 for the last 200 days.

Frontline Ltd. [FRO]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Frontline Ltd. [FRO] shares currently have an operating margin of +18.77 and a Gross Margin at +21.47. Frontline Ltd.’s Net Margin is presently recorded at +30.70.

Return on Total Capital for FRO is now 4.33, given the latest momentum, and Return on Invested Capital for the company is 4.52. Return on Equity for this stock inclined to 7.41, with Return on Assets sitting at 3.69. When it comes to the capital structure of this company, Frontline Ltd. [FRO] has a Total Debt to Total Equity ratio set at 83.23. Additionally, FRO Total Debt to Total Capital is recorded at 45.42, with Total Debt to Total Assets ending up at 35.22. Long-Term Debt to Equity for the company is recorded at 77.60, with the Long-Term Debt to Total Capital now at 42.35.

Frontline Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.40.

Frontline Ltd. [FRO]: Insider Ownership positions

There are presently around $321 million, or 21.10% of FRO stock, in the hands of institutional investors. The top three institutional holders of FRO stocks are: FOLKETRYGDFONDET with ownership of 9,818,351, which is approximately 0% of the company’s market cap and around 33.80% of the total institutional ownership; BLACKROCK INC., holding 6,681,571 shares of the stock with an approximate value of $54.59 million in FRO stocks shares; and VANGUARD GROUP INC, currently with $26.44 million in FRO stock with ownership of nearly 5.934% of the company’s market capitalization.

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Positions in Frontline Ltd. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 62 institutional holders increased their position in Frontline Ltd. [NYSE:FRO] by around 6,703,562 shares. Additionally, 60 investors decreased positions by around 4,435,909 shares, while 25 investors held positions by with 28,131,350 shares. The mentioned changes placed institutional holdings at 39,270,821 shares, according to the latest SEC report filing. FRO stock had 26 new institutional investments in for a total of 4,012,972 shares, while 26 institutional investors sold positions of 655,543 shares during the same period.

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