SFL Corporation Ltd (NYSE: SFL) is 2.75% higher on its value in year-to-date trading and has touched a low of $10.27 and a high of $14.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SFL stock was last observed hovering at around $11.74 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $11.59, the stock is 0.56% and -7.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.97 million and changing -1.28% at the moment leaves the stock -7.97% off its SMA200. SFL registered 4.04% gain for a year compared to 6-month loss of -13.57%.
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The stock witnessed a -2.44% gain in the last 1 month and extending the period to 3 months gives it a -17.45%, and is -0.52% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.68% over the week and 2.24% over the month.
SFL Corporation Ltd (SFL) has around 21 employees, a market worth around $1.69B and $834.44M in sales. Fwd P/E is 11.94. Profit margin for the company is 15.17%. Distance from 52-week low is 12.86% and -20.73% from its 52-week high. The company has generated returns on investments over the last 12 months (4.61%).
SFL Corporation Ltd quarterly earnings per share for the current quarter are estimated at 0.36 with sales reaching $244.07M over the same period.The EPS is expected to grow by 82.04% this year, but quarterly earnings will post 18.40% year-over-year. Quarterly sales are estimated to grow 19.10% in year-over-year returns.
The shares outstanding are 137.47M, and float is at 108.07M with Short Float at 1.05%.
The top institutional shareholder in the company is DIMENSIONAL FUND ADVISORS LP with over 9.0 million shares valued at $124.86 million. The investor’s holdings represent 7.1528 of the SFL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.05 million shares valued at $83.91 million to account for 4.8069 of the shares outstanding. The other top investors are AMERICAN CENTURY COMPANIES INC which holds 2.8 million shares representing 2.2293 and valued at over $38.91 million, while STATE STREET CORP holds 1.6088 of the shares totaling 2.02 million with a market value of $28.08 million.
