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Why the growth investor may take a look at NYSE:FRO.

By Mill Chart

Last update: Aug 17, 2023

Groth investors are looking for stocks showing high revenue and EPS growth. We will have a look here to see if FRONTLINE PLC (NYSE:FRO) is suited for growth investing. Investors should of couse do their own research, but we spotted FRONTLINE PLC showing up in our CANSLIM growth screen, so it may be worth spending some more time on it.

Some of the canslim metrics of NYSE:FRO highlighted

  • The earnings per share (EPS) of FRONTLINE PLC have shown positive growth on a quarter-to-quarter (Q2Q) basis, with a 9.0K% increase. This reflects the company's ability to improve its profitability over time.
  • The recent q2q revenue growth of 135.0% of FRONTLINE PLC showcases the company's ability to generate increasing revenue in a short period, reflecting its positive growth trajectory.
  • The EPS of FRONTLINE PLC has shown consistent growth over a 3-year period, indicating the company's ability to generate increasing earnings over time.
  • The Return on Equity (ROE) of FRONTLINE PLC stands at 28.86%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
  • The Relative Strength (RS) of FRONTLINE PLC has been consistently solid, with a current 95.04 rating. This highlights the stock's ability to exhibit sustained price strength and signifies its competitive advantage. FRONTLINE PLC exhibits strong prospects for further price appreciation.
  • Maintaining a Debt-to-Equity ratio of 0.91, FRONTLINE PLC demonstrates a conservative financial approach. This signifies the company's focus on minimizing debt burdens while preserving a solid equity position.
  • The ownership composition of FRONTLINE PLC reflects a balanced investor ecosystem, with institutional shareholders owning 4.83%. This indicates a broader market participation and potential for increased trading liquidity.

What is the technical picture of NYSE:FRO telling us.

ChartMill assigns a Technical Rating to every stock. This score, ranging from 0 to 10, is updated daily and is determined by evaluating multiple technical indicators and properties.

Taking everything into account, FRO scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, FRO has proven to be a steady performer, scoring decent points in every aspect analyzed.

  • The long and short term trends are both positive. This is looking good!
  • When comparing the yearly performance of all stocks, we notice that FRO is one of the better performing stocks in the market, outperforming 95% of all stocks. On top of that, FRO also shows a nice and consistent pattern of rising prices.
  • FRO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 217 stocks in the same industry.
  • FRO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FRO is performing more or less in line with the market.
  • In the last month FRO has a been trading in the 14.67 - 18.11 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of FRO for a complete technical analysis.

What else is there to say on the fundamentals of NYSE:FRO?

ChartMill utilizes a proprietary algorithm to assign a Fundamental Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of fundamental indicators and properties.

We assign a fundamental rating of 6 out of 10 to FRO. FRO was compared to 217 industry peers in the Oil, Gas & Consumable Fuels industry. FRO has a medium profitability rating, but doesn't score so well on its financial health evaluation. FRO is not priced too expensively while it is growing strongly. Keep and eye on this one! FRO also has an excellent dividend rating.

Check the latest full fundamental report of FRO for a complete fundamental analysis.

More growth stocks can be found in our CANSLIM screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.

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FRONTLINE PLC

NYSE:FRO (11/29/2023, 7:04:00 PM)

After market: 21.47 +0.29 (+1.37%)

21.18

-0.45 (-2.08%)

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