SFL Corporation Ltd (NYSE:SFL) price on Friday, January 17, remained unchanged to $10.84.
A look at the stock’s price movement, the close in the last trading session was $10.84, moving within a range at $10.71 and $11.026. The beta value (5-Year monthly) was 0.722. Turning to its 52-week performance, $14.62 and $9.64 were the 52-week high and 52-week low respectively. Overall, SFL moved 9.83% over the past month.
SFL Corporation Ltd’s market cap currently stands at around $1.58 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 1.07, with its dividend yield at 9.87%. 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 50% Sell. On the other hand, the stock is on average a 50% 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 4.40% and 3.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.60, while 7-day volatility ratio is 2.15% 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 0.26. 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 -19.93% off current price level while to achieve the yearly target high, price needs to move -47.6%. Nonetheless, investors will most likely welcome a -33.76% 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 0.89 over the past 10 days and 881.49K 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 32.84% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.62 million on 2024-12-31, giving us a short ratio of 1.72. The data shows that as of 2024-12-31 short interest in SFL Corporation Ltd (SFL) stood at 150.0 of shares outstanding, with shares short rising to 1.28 million registered in 2024-11-29. Current price change has pushed the stock 6.07% 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.
