Buy or Sell Frontline Limited (FRO) Stock
Frontline Ltd has a Long-Term Technical rank of 97. This means that trading over the last 200 trading days has placed the company in the upper half of stocks with 3% of the market scoring higher. In the Oil & Gas Midstream industry which is number 3 by this metric, FRO ranks better than 3% of stocks.
Frontline Limited (NYSE: FRO) It moved up 1.02% from its latest closing price compared to the recent 1-year high of $13.85. The company’s share price has lost -0.37% in the last five trading sessions. The Wall Street Journal reported on 04/07/22 that Frontline, Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal.
Is it worth investing in Frontline Ltd. (NYSE:FRO) right now?
Frontline Ltd. (NYSE:FRO) scored a higher-than-average price-to-earnings ratio, recording 35.13 x its current earnings ratio. Also, the 36-month beta value for FRO is 0.19. The stock opinion is interesting because 8 out of 11 analysts who provided ratings for Frontline Ltd declared the stock a “buy”, while 0 rated the stock as “overweight”, 3 as “Hold”. in the form and 0 to ” sell.”
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Analysts have an average price of $14.82. FRO currently has a public float of 142.78M and currently holds a 5.77% ratio of that float in shorts. Today, the average trading volume of FRO was 3.26M shares.
Market performance of FRO
FRO shares declined -0.37% for the week, with a monthly decline of -10.59% and a quarterly performance of 34.61%, while its annualized performance rate stood at 19.67%. The volatility ratio for the week is 3.98%, while the volatility level for the last 30 days has been set at 4.60% for Frontline Limited. The simple moving average for the last 20 days period is -10.10% FRO for stocks with a simple moving average of 17.59% over the last 200 days.
FRO. opinion of analysts
Several brokerage firms have already submitted their reports for FRO stocks, with Jefferies reiterating the rating for FRO by listing it as “Buy.” According to Jefferies, the estimated price for FRO in the upcoming period is $16, based on a research report published on September 06 of the current year 2022.
On the other hand, Jefferies stated in his research note that he expects FRO to reach the price target of $9. As per the report published on July 21, 2022, the rating they have assigned for FRO shares is “Hold”.
Jefferies gave the FRO a rating of “Hold” in the report published on April 27 of the current year, setting the target price at $9.
FRO trading at -6.64% from the 50-day moving average
After a stumbling block in the market that lowered the FRO price for the previous 52-week period, the company was unable to rebound, now having to deal with a 21.37% loss for the given period.
Volatility was left at 4.60%, however, over the past 30 days, the volatility rate increased by 3.98%, as shares sank -14.79% to the moving average over the past 20 days. As against the last 50 days, the stock is currently trading up +14.87%.
During the last 5 trading sessions, the FRO fell -0.37%, replacing the 200-day moving average with +59.44% compared to the 20-day moving average, which settled at $12.02. Furthermore, Frontline Ltd reversed 54.03% in one year, with a trend to cut further gains.
FRO. Stock Fundamentals for
Equity returns are now valued at 3.80, with 1.60 for asset returns.
Frontline Ltd (FRO) has gained Friday morning, with the stock increasing 3.69% in pre-market trading to 11.23. FRO’s short-term technical score of 99 indicates that the stock has traded more bullishly over the last month than 99% of stocks on the market.
In the Oil & Gas Midstream industry, which ranks 4 out of 146 industries, FRO ranks higher than 96% of stocks. Frontline Ltd has fallen 8.53% over the past month, closing at $11.92 on September 2. During this period of time, the stock fell as low as $11.65 and as high as $13.85. FRO has an average analyst recommendation of Buy. The company has an average price target of $14.00.