Hafnia Ltd (NYSE:HAFN) price on current trading day, fall -2.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $5.38.
A look at the stock’s price movement, the level at last check in today’s session was $5.50, moving within a range at $5.345 and $5.43. The beta value (5-Year monthly) was 0.143 while the PE ratio in trailing twelve months stood at 3.16. Turning to its 52-week performance, $8.99 and $4.99 were the 52-week high and 52-week low respectively. Overall, HAFN moved 0.84% over the past month.
Hafnia Ltd’s market cap currently stands at around $2.74 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 1.37, with its dividend yield at 25.51%. 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 266.94M for the company’s revenue for the quarter, with a low and high estimate of 251.16M and 276M respectively. The average forecast suggests down to a -21.17% 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 1.45B, representing a 2.58% 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 HAFN 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.
1 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 0 analyst(s) rate the stock as a Hold, 1 recommend HAFN 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.
HAFN’s current price about -0.81% and -4.41% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.26, while 7-day volatility ratio is 3.33% and 3.05% in the 30-day chart. Further, Hafnia Ltd (HAFN) has a beta value of 0, and an average true range (ATR) of 0.19. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -85.87% off recent price level in today’s trading while to achieve the yearly target high, it has to move -85.87%. Nonetheless, investors will most likely welcome a -85.87% jump to $10 which is the analysts’ median price.
If we refocus on Hafnia Ltd (NYSE:HAFN), historical trading data shows that trading volumes averaged 2.46 over the past 10 days and 2.35 million over the past 3 months. The company’s latest data on shares outstanding shows there are 509.94 million shares.
The 44.43% of Hafnia Ltd’s shares are in the hands of company insiders while institutional holders own 30.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.09 million on 2024-11-15, giving us a short ratio of 1.54. Current price change has pushed the stock -22.16% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HAFN stock continues to rise going into the next quarter.
