SFL Corporation Ltd (NYSE:SFL) price on current trading day, fall -0.85% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.47.
A look at the stock’s price movement, the close in the last trading session was $10.56, moving within a range at $10.315 and $10.585. The beta value (5-Year monthly) was 0.722. Turning to its 52-week performance, $14.62 and $10.01 were the 52-week high and 52-week low respectively. Overall, SFL moved 0.29% over the past month.
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SFL Corporation Ltd’s market cap currently stands at around $1.51 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 1.05, with its dividend yield at 10.03%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 218.18M for the company’s revenue for the quarter, with a low and high estimate of 214.3M and 223.41M respectively. The average forecast suggests up to a 4.11% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 891.98M, representing a 18.57% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SFL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend SFL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SFL’s current price about -0.47% and -4.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.78, while 7-day volatility ratio is 2.14% and 2.37% in the 30-day chart. Further, SFL Corporation Ltd (SFL) has a beta value of 0.71, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $14.5, forecast between a low of $13 and high of $16. Looking at the price targets, the low is -24.16% off current price level while to achieve the yearly target high, price needs to move -52.82%. Nonetheless, investors will most likely welcome a -38.49% jump to $14.5 which is the analysts’ median price.
If we refocus on SFL Corporation Ltd (NYSE:SFL), historical trading data shows that trading volumes averaged 0.79 over the past 10 days and 820.10K over the past 3 months. The company’s latest data on shares outstanding shows there are 133.94 million shares.
The 25.83% of SFL Corporation Ltd’s shares are in the hands of company insiders while institutional holders own 32.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.11 million on 2024-11-15, giving us a short ratio of 1.35. The data shows that as of 2024-11-15 short interest in SFL Corporation Ltd (SFL) stood at 101.99999 of shares outstanding, with shares short falling to 1.14 million registered in 2024-10-15. Current price change has pushed the stock -7.18% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SFL stock continues to rise going into the next quarter.
