Frontline Ltd. [NYSE: FRO] surged by $0.3 during the normal trading session on Tuesday and reaching a high of $12.94 during the day while it closed the day at $12.79. The company report on October 4, 2022 that FRO – Changes to the Board composition.
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Frontline Ltd. (“Frontline” or “the Company”) announces the appointment of Mr. Marios Demetriades as a Director of the Company.
Marios Demetriades is an experienced Financial Services professional with significant experience as a Non-Executive Director in various listed and private companies in the Banking, Infrastructure and Shipping industries. He previously served as the Minister of Transport, Communications and Works for the Republic of Cyprus from 2014 to 2018 and held various positions in the Accounting, Investment and Banking sectors. He is a qualified Chartered Accountant and Chartered Financial Analyst holder and a member of the CFA Institute, the Institute of Chartered Accountants in England and Wales and the Institute of Certified Public Accountants of Cyprus (ICPAC). Mr. Demetriades is a Cypriot citizen and resides in Cyprus.
Frontline Ltd. stock has also gained 21.35% of its value over the past 7 days. However, FRO stock has inclined by 35.63% in the 3 months of the year. Over the past six months meanwhile, it has gained 42.43% and gained 80.91% year-on date.
The market cap for FRO stock reached $2.58 billion, with 206.98 million shares outstanding and 142.78 million shares in the current float. Compared to the average trading volume of 3.34M shares, FRO reached a trading volume of 4711832 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 Buy, with their previous recommendation back on September 06, 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 July 21, 2022, representing the official price target for Frontline Ltd. stock. Previously, the target price had yet another raise to $9, while Jefferies analysts kept a Hold rating on FRO stock.
The Average True Range (ATR) for Frontline Ltd. is set at 0.59, 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 1.39, with the Price to Cash per share for the same quarter was set at 1.42.
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 21.35. With this latest performance, FRO shares dropped by -6.91% in over the last four-week period, additionally plugging by 42.43% over the last 6 months – not to mention a rise of 39.32% 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 62.78, with the RSI for the last a single of trading hit 70.70, and the three-weeks RSI is set at 59.35 for Frontline Ltd. [FRO]. The present Moving Average for the last 50 days of trading for this stock 11.87, while it was recorded at 11.87 for the last single week of trading, and 9.44 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 Current Ratio set at 1.10.
Frontline Ltd. [FRO]: Insider Ownership positions
There are presently around $692 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 10,740,390, which is approximately 10513.034% of the company’s market cap and around 33.80% of the total institutional ownership; BLACKROCK INC., holding 6,354,676 shares of the stock with an approximate value of $81.28 million in FRO stocks shares; and VANGUARD GROUP INC, currently with $57.6 million in FRO stock with ownership of nearly 1.038% of the company’s market capitalization.
Positions in Frontline Ltd. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 85 institutional holders increased their position in Frontline Ltd. [NYSE:FRO] by around 24,236,938 shares. Additionally, 58 investors decreased positions by around 5,678,242 shares, while 22 investors held positions by with 24,189,627 shares. The mentioned changes placed institutional holdings at 54,104,807 shares, according to the latest SEC report filing. FRO stock had 41 new institutional investments in for a total of 4,684,776 shares, while 18 institutional investors sold positions of 1,869,212 shares during the same period.