SFL Corporation Ltd (NYSE: SFL) Is The Among Hot Stock Right Now

SFL Corporation Ltd (NYSE:SFL) traded at $12.27 at last check on Tuesday, July 24, made a downward move of -12.08% on its previous day’s price.

Looking at the stock we see that its previous close was $13.95 . In terms of its 52-week price range, SFL has a high of $14.62 and a low of $9.32. The company’s stock has lost about -9.42% over that past 30 days.

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SFL Corporation Ltd has a market cap of $1.69 billion. With its Forward Dividend at 1.02 and a yield of 8.32%, the company’s investors could be anxious for the SFL stock to gain ahead of the earnings release.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the SFL Corporation Ltd (SFL) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -9.47% off its SMA20 and -10.91% from its 50-day simple moving average. The RSI (14) is pointing at 33.37 while the volatility over the past week is 2.31% and jumps to 2.13% over the past one month. The beta value is 0.70, while the average true range (ATR) is currently pointing at 0.41. The average price target for the stock over the next 12 months is $14.5, with the estimates having a low of $13 and a high of $16. These price ends are -5.95% and -30.4% off the today’s price level respectively, although investors could be excited at the prospect of a -18.17% if the SFL share price touches on the median price of $14.5.

Coming back to SFL Corporation Ltd (NYSE:SFL), we note that the average 3-month trading volume was 637.79K, while that of the preceding 10-day period stands at 0.62 million. Current shares outstanding are 137.47 million.

The insiders hold 27.34% of the company’s shares while institutions hold 29.19%. The data shows that short shares as of 2024-06-28, stood at 1.28 million at a short ratio of 2.23. This represents a 1.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.14000000000000011.1400000000000001 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 1.13 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 8.73% up in year-to-date price movement.

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