SFL Corporation Ltd (NYSE: SFL) is -19.37% lower on its value in year-to-date trading and has touched a low of $8.04 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 $8.22 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $8.24, the stock is -1.60% and -11.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 0.24% at the moment leaves the stock -24.42% off its SMA200. SFL registered -38.09% loss for a year compared to 6-month loss of -28.78%. The firm has a 50-day simple moving average (SMA 50) of $9.347 and a 200-day simple moving average (SMA200) of $10.9028.
The stock witnessed a -6.36% gain in the last 1 month and extending the period to 3 months gives it a -17.60%, and is 0.73% 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 2.26% over the week and 3.12% over the month.
SFL Corporation Ltd (SFL) has around 24 employees, a market worth around $1.20B and $904.40M in sales. Current P/E ratio is 8.15 and Fwd P/E is 25.39. Profit margin for the company is 14.45%. Distance from 52-week low is 2.49% and -43.64% from its 52-week high. The company has generated returns on investments over the last 12 months (3.98%).
The EPS is expected to shrink by -104.79% this year
265.0 institutions hold shares in SFL Corporation Ltd (SFL), with institutional investors hold 43.56% of the company’s shares. The shares outstanding are 145.71M, and float is at 104.77M with Short Float at 2.89%. Institutions hold 32.29% 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 4.8008 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 1.6068 of the shares totaling 2.02 million with a market value of $28.08 million.
