SFL Corporation Ltd (NYSE: SFL) is -17.91% lower on its value in year-to-date trading and has touched a low of $8.35 and a high of $14.62 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SFL stock was last observed hovering at around $8.52 in the last trading session, with the day’s loss setting it -0.13%.
Currently trading at $8.39, the stock is -8.35% and -16.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.17 million and changing -1.53% at the moment leaves the stock -25.95% off its SMA200. SFL registered -38.08% loss for a year compared to 6-month loss of -25.88%.
The stock witnessed a -23.24% gain in the last 1 month and extending the period to 3 months gives it a -19.87%, and is -3.23% 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 3.72% over the week and 3.64% over the month.
SFL Corporation Ltd (SFL) has around 21 employees, a market worth around $1.12B and $904.40M in sales. Current P/E ratio is 8.30 and Fwd P/E is 24.23. Profit margin for the company is 14.45%. Distance from 52-week low is 0.48% and -42.61% from its 52-week high. The company has generated returns on investments over the last 12 months (3.98%).
with sales reaching $185.1M over the same period.The EPS is expected to shrink by -102.22% this year, but quarterly earnings will post -15.18% year-over-year. Quarterly sales are estimated to shrink -19.19% in year-over-year returns.
The shares outstanding are 133.94M, and float is at 96.31M with Short Float at 2.89%.
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 2.2265 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.
