Frontline Plc (NYSE: FRO) on Monday, plunged -2.90% from the previous trading day, before settling in for the closing price of $16.18. Within the past 52 weeks, FRO’s price has moved between $16.10 and $29.39.
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A company in the Energy sector has jumped its sales by 27.77% annually for the last half of the decade. The company achieved an average annual earnings per share of -24.71%. With a float of $143.05 million, this company’s outstanding shares have now reached $222.62 million.
In an organization with 88 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 36.48%, operating margin of 36.64%, and the pretax margin is 27.16%.
Frontline Plc (FRO) Insider and Institutional Ownership
Observing investor behavior towards Oil & Gas Midstream industry stocks is more important than anything else. The insider ownership of Frontline Plc is 35.74%, while institutional ownership is 25.58%.
Frontline Plc (FRO) Latest Financial update
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.46 earnings per share (EPS) for the period topping the consensus outlook (set at 0.45) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -24.71% per share during the next fiscal year.
Frontline Plc (NYSE: FRO) Trading Performance Indicators
Frontline Plc (FRO) is currently performing well based on its current performance indicators. A quick ratio of 1.43 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.65.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.46, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 2.86 in one year’s time.
Technical Analysis of Frontline Plc (FRO)
Let’s dig in a bit further. During the last 5-days, its volume was 3.72 million. That was better than the volume of 1.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 4.18%. Additionally, its Average True Range was 0.72.
During the past 100 days, Frontline Plc’s (FRO) raw stochastic average was set at 1.68%, which indicates a significant decrease from 3.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 53.18% in the past 14 days, which was higher than the 43.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $20.89, while its 200-day Moving Average is $23.46. However, in the short run, Frontline Plc’s stock first resistance to watch stands at $15.90. Second resistance stands at $16.09. The third major resistance level sits at $16.27. If the price goes on to break the first support level at $15.53, it is likely to go to the next support level at $15.35. The third support level lies at $15.16 if the price breaches the second support level.
Frontline Plc (NYSE: FRO) Key Stats
Market capitalization of the company is 3.37 billion based on 222,620K outstanding shares. Right now, sales total 1,826 M and income totals 656,410 K. The company made 607,510 K in profit during its latest quarter, and 187,570 K in sales during its previous quarter.
