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Why NYSE:FRO qualifies as a high growth stock.

By Mill Chart

Last update: Nov 10, 2023

In this article we will dive into FRONTLINE PLC (NYSE:FRO) as a possible candidate for growth investing. Investors should always do their own research, but we noticed FRONTLINE PLC showing up in our CANSLIM growth screen, which makes it worth to investigate a bit more.

Looking into the canslim metrics of FRONTLINE PLC

  • FRONTLINE PLC has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 9.0K% increase. This indicates improving financial performance and the company's effective management of its operations.
  • FRONTLINE PLC has experienced 135.0% q2q revenue growth, indicating a significant sales increase.
  • The 3-year EPS growth of FRONTLINE PLC (25.99%) highlights the company's ability to consistently improve its earnings performance and suggests a positive outlook for future profitability.
  • With a favorable Return on Equity (ROE) of 28.86%, FRONTLINE PLC demonstrates its ability to deliver attractive returns for shareholders. This metric highlights the company's effective management of assets and its profitability.
  • FRONTLINE PLC has exhibited strong Relative Strength(RS) in recent periods, with a current 96.97 rating. This indicates the stock's ability to outperform the broader market and reflects its competitive position. FRONTLINE PLC shows promising potential for continued price momentum.
  • With a Debt-to-Equity ratio at 0.91, FRONTLINE PLC showcases its prudent financial management. The company's balanced approach between debt and equity reflects its commitment to maintaining a stable capital structure.
  • FRONTLINE PLC demonstrates a balanced ownership structure, with institutional shareholders at 4.77%. This indicates a diverse investor base, which can contribute to price stability and potential future growth.

Technical Analysis Observations

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.

We assign a technical rating of 10 out of 10 to FRO. 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 96% of all stocks. We also observe that the gains produced by FRO over the past year are nicely spread over this period.
  • FRO is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 94% of 220 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.
  • FRO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

For an up to date full technical analysis you can check the technical report of FRO

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.

Taking everything into account, FRO scores 6 out of 10 in our fundamental rating. FRO was compared to 220 industry peers in the Oil, Gas & Consumable Fuels industry. There are concerns on the financial health of FRO while its profitability can be described as average. FRO is not overvalued while it is showing excellent growth. This is an interesting combination. FRO also has an excellent dividend rating.

For an up to date full fundamental analysis you can check the fundamental report of FRO

More growth stocks can be found in our CANSLIM screen.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.

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FRONTLINE PLC

NYSE:FRO (5/17/2024, 7:04:00 PM)

After market: 27.32 -0.16 (-0.58%)

27.48

+0.16 (+0.59%)

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