Frontline Plc (NYSE: FRO) kicked off on Monday, down -2.66% from the previous trading day, before settling in for the closing price of $19.55. Over the past 52 weeks, FRO has traded in a range of $18.26-$29.39.
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Annual sales at Energy sector company grew by 27.77% over the past five years. While this was happening, its average annual earnings per share was recorded -7.47%. With a float of $143.05 million, this company’s outstanding shares have now reached $222.62 million.
Let’s look at the performance matrix of the company that is accounted for 88 employees. In terms of profitability, gross margin is 37.47%, operating margin of 37.23%, and the pretax margin is 30.96%.
Frontline Plc (FRO) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Midstream Industry. The insider ownership of Frontline Plc is 35.74%, while institutional ownership is 25.59%.
Frontline Plc (FRO) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.36 earnings per share (EPS), lower than consensus estimate (set at 0.49) by -0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -7.47% per share during the next fiscal year.
Frontline Plc (NYSE: FRO) Trading Performance Indicators
Take a look at Frontline Plc’s (FRO) current performance indicators. Last quarter, stock had a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.67, a number that is poised to hit 0.36 in the next quarter and is forecasted to reach 3.05 in one year’s time.
Technical Analysis of Frontline Plc (FRO)
Frontline Plc (NYSE: FRO) saw its 5-day average volume 1.68 million, a negative change from its year-to-date volume of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 39.12%. Additionally, its Average True Range was 0.64.
During the past 100 days, Frontline Plc’s (FRO) raw stochastic average was set at 10.38%, which indicates a significant decrease from 32.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.32% in the past 14 days, which was lower than the 40.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $21.41, while its 200-day Moving Average is $23.59. Nevertheless, the first resistance level for the watch stands at $19.38 in the near term. At $19.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $19.95. If the price goes on to break the first support level at $18.81, it is likely to go to the next support level at $18.60. The third support level lies at $18.24 if the price breaches the second support level.
Frontline Plc (NYSE: FRO) Key Stats
The company with the Market Capitalisation of 4.24 billion has total of 222,620K Shares Outstanding. Its annual sales at the moment are 1,826 M in contrast with the sum of 656,410 K annual income. Company’s last quarter sales were recorded 607,510 K and last quarter income was 187,570 K.
