SFL Corporation Ltd (NYSE: SFL) is -16.34% lower on its value in year-to-date trading and has touched a low of $8.06 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 $8.38 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $8.55, the stock is -2.79% and -13.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing 2.03% at the moment leaves the stock -23.55% off its SMA200. SFL registered -33.26% loss for a year compared to 6-month loss of -23.73%. The firm has a 50-day simple moving average (SMA 50) of $9.8556 and a 200-day simple moving average (SMA200) of $11.18435.
The stock witnessed a -11.95% gain in the last 1 month and extending the period to 3 months gives it a -15.09%, and is 1.91% up 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 3.56% over the week and 3.41% over the month.
SFL Corporation Ltd (SFL) has around 21 employees, a market worth around $1.15B and $904.40M in sales. Current P/E ratio is 8.46 and Fwd P/E is 24.69. Profit margin for the company is 14.45%. Distance from 52-week low is 6.08% and -41.52% from its 52-week high. The company has generated returns on investments over the last 12 months (3.98%).
with sales reaching $185.22M over the same period.The EPS is expected to shrink by -102.22% this year, but quarterly earnings will post -18.48% year-over-year. Quarterly sales are estimated to shrink -19.14% in year-over-year returns.
268.0 institutions hold shares in SFL Corporation Ltd (SFL), with institutional investors hold 43.64% of the company’s shares. The shares outstanding are 133.94M, and float is at 96.31M with Short Float at 2.89%. Institutions hold 32.35% of the Float.
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.
