Frontline Plc (NYSE:FRO) has a beta value of 0.07 and has seen 2.61 million shares traded in the recent trading session. The company, currently valued at $3.71B, closed the recent trade at $16.68 per share which meant it lost -$1.39 on the day or -7.70% during that session. The FRO stock price is -76.2% off its 52-week high price of $29.39 and -8.03% below the 52-week low of $18.02. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.2 million shares traded. The 3-month trading volume is 2.10 million shares.
The consensus among analysts is that Frontline Plc (FRO) is Buy stock at the moment, with a recommendation rating of 1.43. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.69.
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Frontline Plc (NYSE:FRO) trade information
Sporting -7.70% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FRO stock price touched $16.68 or saw a rise of 15.84%. Year-to-date, Frontline Plc shares have moved -16.81%, while the 5-day performance has seen it change -17.68%. Over the past 30 days, the shares of Frontline Plc (NYSE:FRO) have changed -15.55%. Short interest in the company has seen 7.14 million shares shorted with days to cover at 3.2.
Wall Street analysts have a consensus price target for the stock at $30, which means that the shares’ value could jump 44.4% from the levels at last check today. The projected low price target is $26.0 while the price target rests at a high of $30.0. In that case, then, we find that the latest price level in today’s session is -79.86% off the targeted high while a plunge would see the stock gain -55.88% from the levels at last check today.
Frontline Plc (FRO) estimates and forecasts
Figures show that Frontline Plc shares have underperformed across the wider relevant industry. The company’s shares have lost -40.35% over the past 6 months, with this year growth rate of -28.52%, compared to -9.00% for the industry. Revenue growth from the last financial year stood is estimated to be 25.06%.
3 analysts offering their estimates for the company have set an average revenue estimate of 411.61M for the current quarter. 2 have an estimated revenue figure of 428.9M for the next ending quarter. Year-ago sales stood 256.9M and 371.21M respectively for this quarter and the next, and analysts expect sales will grow by 60.23% for the current quarter and 25.06% for the next.
FRO Dividends
Frontline Plc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.91 at a share yield of 11.45%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 11.48%.
Frontline Plc (NYSE:FRO)’s Major holders
Insiders own 35.79% of the company shares, while shares held by institutions stand at 29.50% with a share float percentage of 45.94%. Investors are also buoyed by the number of investors in a company, with Frontline Plc having a total of 283.0 institutions that hold shares in the company. The top two institutional holders are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with over 6.7 million shares worth more than $173.72 million. As of 2024-06-30, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP held 3.0103% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 5.38 million shares as of 2024-06-30. The firm’s total holdings are worth over $138.52 million and represent 2.4155% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Fidelity Advisor Multi-Asset Income Fund. As of Jul 31, 2024, the former fund manager holds about 0.89% shares in the company for having 1.99 shares of worth $33.5 million while later fund manager owns 1.6 shares of worth $27.0 million as of Sep 30, 2024, which makes it owner of about 0.72% of company’s outstanding stock.
