Hafnia Ltd (NYSE:HAFN) shares, rose in value on Friday, July 19, with the stock price down by -0.90% to the previous day’s close as strong demand from buyers drove the stock to $7.68.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.75. The PE ratio was 5.16 over 12-month period. Referring to stock’s 52-week performance, its high was $8.99, and the low was $5.05. On the whole, HAFN has fluctuated by -2.17% over the past month.
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The company’s Forward Dividend Ratio is 1.04, with its dividend yield at 13.59%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HAFN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of HAFN currently trading nearly -4.13% and -6.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.51, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 1.65%. Furthermore, Hafnia Ltd (HAFN)’s average true range (ATR) is 0.18.
A comparison of Hafnia Ltd (HAFN) with its peers suggests the former has fared considerably weaker in the market. HAFN showed an intraday change of -0.90% in today’s session so far, and over the past year, it grew by 50.59%%.
Data on historical trading for Hafnia Ltd (NYSE:HAFN) indicates that the trading volumes over the past 3 months, they’ve averaged 328.15K. According to company’s latest data on outstanding shares, there are 504.19 million shares outstanding.
Nearly 44.81% of Hafnia Ltd’s shares belong to company insiders and institutional investors own 22.27% of the company’s shares. The stock has risen by 11.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HAFN stock heading into the next quarter.
