Frontline Plc [NYSE: FRO] stock went on a downward path that fall over -3.35% on Wednesday, amounting to a one-week price decrease of less than -6.87%.
Over the last 12 months, FRO stock rose by 27.17%. The one-year Frontline Plc stock forecast points to a potential upside of 30.2. The average equity rating for FRO stock is currently 1.21, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $4.95 billion, with 222.62 million shares outstanding and 143.15 million shares in the current float. Compared to the average trading volume of 1.37M shares, FRO stock reached a trading volume of 2735333 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $31.85 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 1.21. 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.
Jefferies have made an estimate for Frontline Plc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 21, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price from $17 to $26. The new note on the price target was released on January 09, 2024, representing the official price target for Frontline Plc stock. Previously, the target price had yet another raise to $17, while Deutsche Bank analysts kept a Hold rating on FRO stock.
The Average True Range (ATR) for Frontline Plc is set at 0.75, with the Price to Sales ratio for FRO stock in the period of the last 12 months amounting to 2.57. The Price to Book ratio for the last quarter was 2.04, with the Price to Cash per share for the same quarter was set at 1.65.
FRO Stock Performance Analysis:
Frontline Plc [FRO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.87. With this latest performance, FRO shares gained by 0.27% in over the last four-week period, additionally sinking by -4.80% over the last 6 months – not to mention a rise of 27.17% 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 37.19, with the RSI for the last a single of trading hit 32.34, and the three-weeks RSI is set at 40.07 for Frontline Plc [FRO]. The present Moving Average for the last 50 days of trading for this stock 24.07, while it was recorded at 23.21 for the last single week of trading, and 23.47 for the last 200 days.
Insight into Frontline Plc Fundamentals:
Frontline Plc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.38 and a Current Ratio set at 1.38.
Frontline Plc [FRO] Institutonal Ownership Details
There are presently around $35.87%, or 55.86%% of FRO stock, in the hands of institutional investors. The top three institutional holders of FRO stocks are: ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with ownership of 6.7 million shares, which is approximately 3.0103%. VANGUARD GROUP INC, holding 5.38 million shares of the stock with an approximate value of $$138.52 million in FRO stocks shares; and VANGUARD GROUP INC, currently with $$135.19 million in FRO stock with ownership which is approximately 2.3573%.
