Frontline Ltd. [NYSE: FRO] stock went on an upward path that rose over 6.32% on Wednesday, amounting to a one-week price increase of more than 5.30%. The company report on July 11, 2022 that FRO – Fronline Ltd. and Euronav NV sign definitive combination agreement to create a leading global independent oil tanker operator.
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Over the last 12 months, FRO stock rose by 25.70%. The average equity rating for FRO stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.21 billion, with 203.53 million shares outstanding and 142.78 million shares in the current float. Compared to the average trading volume of 2.82M shares, FRO stock reached a trading volume of 3972201 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 July 21, 2022. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on April 27, 2022, representing the official price target for Frontline Ltd. stock.
The Average True Range (ATR) for Frontline Ltd. is set at 0.44, with the Price to Sales ratio for FRO stock in the period of the last 12 months amounting to 2.86. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 0.51.
FRO Stock Performance Analysis:
Frontline Ltd. [FRO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.30. With this latest performance, FRO shares gained by 4.97% in over the last four-week period, additionally plugging by 51.37% over the last 6 months – not to mention a rise of 25.70% 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 62.27, with the RSI for the last a single of trading hit 68.92, and the three-weeks RSI is set at 58.40 for Frontline Ltd. [FRO]. The present Moving Average for the last 50 days of trading for this stock 9.20, while it was recorded at 9.46 for the last single week of trading, and 8.34 for the last 200 days.
Insight into Frontline Ltd. 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 0.50 and a Current Ratio set at 0.70.
Frontline Ltd. [FRO] Insider Position Details
There are presently around $353 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 $44.26 million in FRO stocks shares; and MARSHALL WACE, LLP, currently with $22.32 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 August and at the time of the August reporting period, where 67 institutional holders increased their position in Frontline Ltd. [NYSE:FRO] by around 10,668,664 shares. Additionally, 58 investors decreased positions by around 15,085,123 shares, while 21 investors held positions by with 9,772,189 shares. The mentioned changes placed institutional holdings at 35,525,976 shares, according to the latest SEC report filing. FRO stock had 36 new institutional investments in for a total of 6,352,908 shares, while 15 institutional investors sold positions of 1,528,505 shares during the same period.