Frontline Ltd. [FRO] Stock trading around $8.60 per share: What’s Next?


Frontline Ltd. [NYSE: FRO] surged by $0.38 during the normal trading session on Wednesday and reaching a high of $8.81 during the day while it closed the day at $8.60. The company report on May 2, 2022 that Freeline To Present at the 25th Annual Meeting of the American Society of Gene and Cell Therapy.

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Five abstracts accepted with new research and technology insights and data to further enhance AAV-based gene therapy candidates.

Freeline Therapeutics Holdings plc (Nasdaq: FRLN) (the “Company” or “Freeline”) today announced the upcoming presentation of five posters at the 25th Annual Meeting of the American Society of Gene and Cell Therapy (ASGCT) that will take place May 16-19, 2022 in Washington, D.C.

Frontline Ltd. stock has also gained 9.41% of its value over the past 7 days. However, FRO stock has inclined by 11.69% in the 3 months of the year. Over the past six months meanwhile, it has gained 11.40% and gained 21.64% year-on date.

The market cap for FRO stock reached $1.70 billion, with 202.44 million shares outstanding and 123.69 million shares in the current float. Compared to the average trading volume of 2.86M shares, FRO reached a trading volume of 3331974 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]:

Jefferies have made an estimate for Frontline Ltd. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 27, 2022. The new note on the price target was released on May 25, 2021, representing the official price target for Frontline Ltd. stock. Previously, the target price had yet another raise to $8, while H.C. Wainwright analysts kept a Neutral rating on FRO stock.

The Average True Range (ATR) for Frontline Ltd. is set at 0.47, with the Price to Sales ratio for FRO stock in the period of the last 12 months amounting to 2.26. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 0.59.

FRO stock trade performance evaluation

Frontline Ltd. [FRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.41. With this latest performance, FRO shares dropped by -4.23% in over the last four-week period, additionally plugging by 11.40% over the last 6 months – not to mention a rise of 3.61% 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 52.10, with the RSI for the last a single of trading hit 54.96, and the three-weeks RSI is set at 51.16 for Frontline Ltd. [FRO]. The present Moving Average for the last 50 days of trading for this stock 8.63, while it was recorded at 8.21 for the last single week of trading, and 8.03 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 0.90 and a Current Ratio set at 1.10.

Frontline Ltd. [FRO]: Insider Ownership positions

There are presently around $294 million, or 21.10% of FRO stock, in the hands of institutional investors. The top three institutional holders of FRO stocks are: BLACKROCK INC. with ownership of 6,310,581, which is approximately -0.241% of the company’s market cap and around 33.80% of the total institutional ownership; VANGUARD GROUP INC, holding 4,457,223 shares of the stock with an approximate value of $36.64 million in FRO stocks shares; and MARSHALL WACE, LLP, currently with $18.48 million in FRO stock with ownership of nearly New of the company’s market capitalization.

Positions in Frontline Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 65 institutional holders increased their position in Frontline Ltd. [NYSE:FRO] by around 10,466,094 shares. Additionally, 61 investors decreased positions by around 14,900,473 shares, while 20 investors held positions by with 10,409,645 shares. The mentioned changes placed institutional holdings at 35,776,212 shares, according to the latest SEC report filing. FRO stock had 33 new institutional investments in for a total of 6,128,558 shares, while 18 institutional investors sold positions of 1,540,323 shares during the same period.