With 2.03 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.39 million shares. The 52-week range on FRO shows that it touched its highest point at $24.53 and its lowest point at $13.35 during that stretch. It currently has a 1-year price target of $27.81. With its current market cap of 5.04 billion, FRO has annualized dividend of $2.17 while the current yield stands at 9.58%. Beta for the stock currently stands at 0.11.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FRO was down-trending over the past week, with a drop of -3.00%, but this was down by -3.82% over a month. Three-month performance surged to 9.96% while six-month performance rose 33.81%. The stock gained 36.06% in the past year, while it has gained 12.92% so far this year. A look at the trailing 12-month EPS for FRO yields 2.95 with Next year EPS estimates of 3.48. For the next quarter, that number is 0.84. This implies an EPS growth rate of 20.21% for this year and -1.83% for next year.
Float and Shares Shorts:
At present, 222.62 million FRO shares are outstanding with a float of 143.15 million shares on hand for trading. On Feb 29, 2024, short shares totaled 6.1 million, which was 2.74% higher than short shares on Jan 31, 2024. In addition to Mr. Lars H. Barstad as the firm’s Chief Executive Officer of Frontline Management AS, Ms. Inger Marie Klemp serves as its Chief Financial Officer of Frontline Management AS.
Institutional Ownership:
Through their ownership of 33.83% of FRO’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FRO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
