As this happened, BTIG Research upgraded its Frontline Plc [FRO] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late March from “a Hold” to “a Buy”. Deutsche Bank also remained covering FRO and has increased its forecast on January 09, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on August 25, 2023. It rated FRO as “a Hold” which previously was an “a Buy”.
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
Price Performance Review of FRO
On Tuesday, Frontline Plc [NYSE:FRO] saw its stock fall -2.53% to $25.03. Over the last five days, the stock has gained 7.52%. Frontline Plc shares have risen nearly 24.84% since the year began. Nevertheless, the stocks have risen 37.00% over the past one year. While a 52-week high of $29.39 was reached on 05/28/24, a 52-week low of $18.34 was recorded on 01/02/24. SMA at 50 days reached $23.43, while 200 days put it at $23.79.
Levels Of Support And Resistance For FRO Stock
The 24-hour chart illustrates a support level at 24.67, which if violated will result in even more drops to 24.31. On the upside, there is a resistance level at 25.25. A further resistance level may holdings at 25.48. The Relative Strength Index (RSI) on the 14-day chart is 59.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.19%. Stochastics %K at 91.57% indicates the stock is a selling.
How much short interest is there in Frontline Plc?
A steep rise in short interest was recorded in Frontline Plc stocks on 2024-09-13, growing by 0.99 million shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.67 million shares. There was a rise of 11.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 15, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $20 price target.
