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Do Frontline Ltd. (FRO) beta value of 0.29 signposts another twist?

Frontline Ltd. (FRO) is priced at $16.11 after the most recent trading session. At the very opening of the session, the stock price was $17.99 and reached a high price of $18.39, prior to closing the session it reached the value of $17.84. The stock touched a low price of $17.69.Recently in News on February 28, 2023, FRO – Q4 2022 Presentation. Please find enclosed the presentation of Frontline plc´s fourth quarter 2022 results to be held on the webcast / conference call 28 February, 2023 at 15:00 CET. You can read further details here

Frontline Ltd. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.29 on 03/01/23, with the lowest value was $7.48 for the same time period, recorded on 05/12/22.

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Frontline Ltd. (FRO) full year performance was 100.44%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Frontline Ltd. shares are logging -16.45% during the 52-week period from high price, and 115.44% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $7.48 and $19.29.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2103158 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Frontline Ltd. (FRO) recorded performance in the market was 32.74%, having the revenues showcasing 13.25% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.04B, as it employees total of 79 workers.

Market experts do have their say about Frontline Ltd. (FRO)

During the last month, 8 analysts gave the Frontline Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 14.39, with a change in the price was noted +3.45. In a similar fashion, Frontline Ltd. posted a movement of +27.75% for the period of last 100 days, recording 4,297,565 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FRO is recording 1.05 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.93.

Technical breakdown of Frontline Ltd. (FRO)

Raw Stochastic average of Frontline Ltd. in the period of last 50 days is set at 61.30%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 4.38%. In the last 20 days, the company’s Stochastic %K was 29.89% and its Stochastic %D was recorded 45.38%.

Bearing in mind the latest performance of Frontline Ltd., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 32.74%. Additionally, trading for the stock in the period of the last six months notably improved by 28.00%, alongside a boost of 100.44% for the period of the last 12 months. The shares increased approximately by -13.27% in the 7-day charts and went down by -5.65% in the period of the last 30 days. Common stock shares were driven by 13.25% during last recorded quarter.

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