Why Frontline Plc (FRO) Went Up On Monday?

Insider Monkey
04-08

We recently published a list of AI Stocks Dominate Monday’s Top 10 Performers. In this article, we are going to take a look at where Frontline Plc (NYSE:FRO) stands against other AI stocks that dominate Monday’s top performers.

The stock market finished mixed on Monday as investors remained cautious over the escalating trade tensions globally, with President Donald Trump threatening to slap China with another 50-percent tariff if the latter does not withdraw a countermeasure.

The Dow Jones declined by 0.91 percent, while the S&P 500 dropped by 0.23 percent. In contrast, the tech-heavy Nasdaq inched up by 0.10 percent.

Meanwhile, 10 companies, predominantly in the Artificial Intelligence sector, bucked an overall market pessimism, posting strong gains during the day.

In this article, we have identified Monday’s top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

A fleet of oil tankers sailing across the open sea under a clear sky.

Frontline Plc (NYSE:FRO)

Frontline Plc saw its share prices jump by 11.38 percent on Monday to end at $14.29 apiece as investors hunted for bargains following three straight days of losses.

FRO, a leading shipping firm of crude oil and refined products, recently earned a “strong buy” rating from Zacks Research.

“An upward trend in earnings estimates—one of the most powerful forces impacting stock prices—has triggered this rating change,” the research firm said.

For the fiscal year ending December 2025, Zacks Research expects FRO to earn $2.23 per share. The figure, if realized, would represent a 25.3-percent increase year-on-year.

On Monday, FRO said that it successfully filed its annual report for 2024. In full-year 2024, net income dropped by 24.5 percent to $495.58 million from $656 million a year earlier, while revenues increased by 13.76 percent to $2.16 billion from $1.8 billion year-on-year.

In the fourth quarter alone, net income declined by 43.65 percent to $66.7 million from $118.37 million, while revenues grew by 6.86 percent to $443.49 million from $415 million.

Overall, FRO ranks 4th on our list of AI stocks that dominate Monday’s top performers. While we acknowledge the potential of FRO as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FRO but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.

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