Hafnia Ltd (NYSE:HAFN) shares, rose in value on Friday, October 11, with the stock price down by -1.80% to the previous day’s close as strong demand from buyers drove the stock to $7.36.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.49, falling within a range of $7.31 and $7.38. The value of beta (5-year monthly) is 0.072 whereas the PE ratio is 4.68 over 12-month period. Referring to stock’s 52-week performance, its high was $8.99, and the low was $5.66. On the whole, HAFN has fluctuated by 1.59% over the past month.
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With the market capitalization of Hafnia Ltd currently standing at about $3.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.20, with its dividend yield at 16.25%.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The price of HAFN currently trading nearly -1.13% and -1.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.64, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 2.19%. Furthermore, Hafnia Ltd (HAFN)’s average true range (ATR) is 0.21.
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 -1.80% in today’s session so far, and over the past year, it grew by 15.77%%.
Data on historical trading for Hafnia Ltd (NYSE:HAFN) indicates that the trading volumes over the past 10 days have averaged 1.36 and over the past 3 months, they’ve averaged 945.43K. According to company’s latest data on outstanding shares, there are 504.19 million shares outstanding.
Nearly 44.61% of Hafnia Ltd’s shares belong to company insiders and institutional investors own 29.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.03 million shares as on 2024-09-30, resulting in a short ratio of 0.78. The stock has risen by 6.52% 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.
