SFL Corporation Ltd (NYSE: SFL) is -20.16% lower on its value in year-to-date trading and has touched a low of $6.78 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 loss setting it -0.06%.
Currently trading at $8.16, the stock is 5.40% and -1.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.73% at the moment leaves the stock -21.01% off its SMA200. SFL registered -39.15% loss for a year compared to 6-month loss of -24.23%. The firm has a 50-day simple moving average (SMA 50) of $8.2592 and a 200-day simple moving average (SMA200) of $10.3298.
The stock witnessed a -0.73% gain in the last 1 month and extending the period to 3 months gives it a -24.02%, and is 2.64% 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 2.70% over the week and 4.35% over the month.
SFL Corporation Ltd (SFL) has around 24 employees, a market worth around $1.19B and $904.40M in sales. Current P/E ratio is 8.07 and Fwd P/E is 25.14. Profit margin for the company is 14.45%. Distance from 52-week low is 20.35% and -44.19% from its 52-week high. The company has generated returns on investments over the last 12 months (3.98%).
with sales reaching $183.92M over the same period.The EPS is expected to shrink by -104.79% this year, but quarterly earnings will post -18.73% year-over-year. Quarterly sales are estimated to shrink -19.71% in year-over-year returns.
268.0 institutions hold shares in SFL Corporation Ltd (SFL), with institutional investors hold 43.63% of the company’s shares. The shares outstanding are 145.71M, and float is at 104.77M with Short Float at 3.59%. Institutions hold 32.34% 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.
