Frontline Plc (NYSE:FRO) has a beta value of 0.31 and has seen 1.25 million shares traded in the recent trading session. The company, currently valued at $4.35B, closed the recent trade at $3020000.0 per share which meant it gained $3019981.02 on the day or 1247027% during that session. The FRO stock price is 100.0% off its 52-week high price of $26.53 and 100.0% above the 52-week low of $12.40. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.74 million shares traded. The 3-month trading volume is 3.02 million shares.
The consensus among analysts is that Frontline Plc (FRO) is Buy stock at the moment, with a recommendation rating of 1.00. 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.
Frontline Plc (NYSE:FRO) trade information
Over the past 30 days, the shares of Frontline Plc (NYSE:FRO) have changed 10.31%. Short interest in the company has seen 7.47 million shares shorted with days to cover at 2.65.
Wall Street analysts have a consensus price target for the stock at $12.49, which means that the shares’ value could drop -24179243.47% from the levels at last check today.. The projected low price target is $12.49 while the price target rests at a high of $12.49. In that case, then, we find that the latest price level in today’s session is 100.0% off the targeted high while a plunge would see the stock lose 100.0% from the levels at last check today..
Frontline Plc (FRO) estimates and forecasts
The company’s shares have gained 41.18% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 22.52% over the past 5 years. Earnings growth for 2025 is a modest -6.41% while over the next 5 years, the company’s earnings are expected to increase by 18.07%.
FRO Dividends
Frontline Plc is expected to release its next earnings report on 2025-May-23 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.34 at a share yield of 6.86%. 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 30.27% with a share float percentage of 47.14%. Investors are also buoyed by the number of investors in a company, with Frontline Plc having a total of 286.0 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.
