In today’s recent session, 1.7 million shares of the Frontline Plc (NYSE:FRO) have been traded, and its beta is 0.31. Most recently the company’s share price was $19.33, and it changed around -$0.44 or -2.23% from the last close, which brings the market valuation of the company to $4.30B. FRO at last check was trading at a discount to its 52-week high of $26.53, offering almost -37.25% off that amount. The share price’s 52-week low was $12.40, which indicates that the recent value has risen by an impressive 35.85% since then. We note from Frontline Plc’s average daily trading volume that its 10-day average is 3.61 million shares, with the 3-month average coming to 3.03 million.
Frontline Plc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended FRO as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight.
Frontline Plc (NYSE:FRO) trade information
Instantly FRO has been showing red trend so far today with a performance of -2.23% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 19.85 on recent trading dayincreased the stock’s daily price by 2.62%. The company’s shares are currently up 36.22% year-to-date, but still up 7.63% over the last five days. On the other hand, Frontline Plc (NYSE:FRO) is 5.05% up in the 30-day period. We can see from the shorts that 7.47 million shares have been sold at a short interest cover period of 2.65 day(s).
The consensus price target as assigned by Wall Street analysts is $12.49, which translates to bulls needing to decrease their stock price by -54.76% from its current value. Analyst projections state that FRO is forecast to be at a low of $12.49 and a high of $12.49.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.52%. Frontline Plc earnings are expected to increase by -6.41% in 2025, but the outlook is positive 18.07% per year for the next five years.
FRO Dividends
Frontline Plc’s next quarterly earnings report is expected to be released on 2025-May-23. The annual dividend yield of the stock is 6.93 percent and its annual dividend per share was 1.34. It is important to note, however, that the 6.93% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 11.48 per year.
Frontline Plc (NYSE:FRO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 35.79% of Frontline Plc shares, and 30.19% of them are in the hands of institutional investors. The stock currently has a share float of 47.01%. Frontline Plc stock is held by 285.0 institutions, with ARROWSTREET CAPITAL, LIMITED PARTNERSHIP being the largest institutional investor. By 2024-06-30, it held 3.0103% of the shares, which is about 6.7 million shares worth $173.72 million.
VANGUARD GROUP INC, with 2.4155% or 5.38 million shares worth $138.52 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
