Frontline Plc [FRO] moved down -2.15: Why It’s Important

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Frontline Plc [NYSE: FRO] loss -2.15% on the last trading session, reaching $21.80 price per share at the time. The company report on October 9, 2023 at 4:49 AM that FRO – Investor Presentation – Fully funded acquisition of 24 modern VLCCs from Euronav NV.

Frontline plc. will host an investor presentation in relation with the announcement «Fully funded acquisition of 24 modern VLCCs from Euronav NV» today, Monday October 9, 2023. A webcast and conference call will be held today at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The presentation will be available for download from the Investor Relations section at ahead of the conference call.

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Frontline Plc represents 222.62 million in outstanding shares, while the company has a total market value of $4.85 billion with the latest information. FRO stock price has been found in the range of $21.27 to $22.035.

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If compared to the average trading volume of 2.79M shares, FRO reached a trading volume of 4958673 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Frontline Plc [FRO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRO shares is $24.31 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 1.67. 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.

Deutsche Bank have made an estimate for Frontline Plc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 25, 2023.

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The Average True Range (ATR) for Frontline Plc is set at 0.68, with the Price to Sales ratio for FRO stock in the period of the last 12 months amounting to 4.36. The Price to Book ratio for the last quarter was 2.11, with the Price to Cash per share for the same quarter was set at 2.33.

Trading performance analysis for FRO stock

Frontline Plc [FRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.02. With this latest performance, FRO shares gained by 13.19% in over the last four-week period, additionally plugging by 49.83% over the last 6 months – not to mention a rise of 59.47% 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 59.60, with the RSI for the last a single of trading hit 54.08, and the three-weeks RSI is set at 61.47 for Frontline Plc [FRO]. The present Moving Average for the last 50 days of trading for this stock 19.20, while it was recorded at 22.45 for the last single week of trading, and 16.71 for the last 200 days.

Frontline Plc [FRO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Frontline Plc [FRO] shares currently have an operating margin of +18.77 and a Gross Margin at +21.47. Frontline Plc’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 Plc [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 Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.92 and a Current Ratio set at 1.92.

An analysis of Institutional ownership at Frontline Plc [FRO]

The top three institutional holders of FRO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in FRO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in FRO stock with ownership which is approximately 5.7994%.

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