At the time of writing, Frontline Plc [FRO] stock is trading at $23.35, up 3.50%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FRO shares have gain 4.61% over the last week, with a monthly amount glided 8.96%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 29, February 2024, FRO – Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023.
From an analyst’s perspective:
Frontline Plc [NYSE: FRO] stock has seen the most recent analyst activity on January 09, 2024, when Deutsche Bank upgraded its rating to a Buy and also boosted its price target to $26 from $17. Previously, Deutsche Bank downgraded its rating to Hold on August 25, 2023, and kept the price target unchanged to $17. On August 15, 2023, JP Morgan initiated with a Neutral rating and assigned a price target of $20 on the stock. Deutsche Bank upgraded its rating to a Buy and decreased its price target to $17 on June 30, 2023. Jefferies downgraded its rating to a Hold but $17 remained the price target by the analyst firm on May 08, 2023. Jefferies upgraded its rating to Buy for this stock on September 06, 2022, and upped its price target to $16. In a note dated July 21, 2022, Jefferies initiated an Hold rating and provided a target price of $9 on this stock.
For the past year, the stock price of Frontline Plc fluctuated between $13.35 and $24.53. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Frontline Plc [NYSE: FRO] shares were valued at $23.35 at the most recent close of the market. An investor can expect a potential return of 11.35% based on the average FRO price forecast.
Analyzing the FRO fundamentals
According to Frontline Plc [NYSE:FRO], the company’s sales were 1.80B for trailing twelve months, which represents an 8.59% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.45%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.41%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.35 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.01.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.07 points at the first support level, and at 22.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.66, and for the 2nd resistance point, it is at 23.97.
Frontline Plc [FRO] reported earnings per share of $0.46 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.46/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.36 per share as compared to estimates of $0.45 per share, a difference of -$0.09 representing a surprise of -20.00%.
Ratios To Look Out For
It is important to note that Frontline Plc [NYSE:FRO] has a current ratio of 1.78. As well, the Quick Ratio is 1.79, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 2.28 and price to earnings (TTM) ratio is 7.92.
