Why should you keep an eye on Hafnia Ltd (HAFN)?

Hafnia Ltd (NYSE: HAFN) is -3.95% lower on its value in year-to-date trading and has touched a low of $3.61 and a high of $8.99 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 HAFN stock was last observed hovering at around $5.38 in the last trading session, with the day’s loss setting it -0.03%.

Currently trading at $5.35, the stock is 10.17% and 19.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.41 million and changing -0.56% at the moment leaves the stock -6.73% off its SMA200. HAFN registered -36.84% loss for a year compared to 6-month loss of 2.29%.

The stock witnessed a 25.88% gain in the last 1 month and extending the period to 3 months gives it a 3.48%, and is 4.70% 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 2.11% over the week and 2.30% over the month.

Hafnia Ltd (HAFN) has around 4959 employees, a market worth around $2.69B and $2.63B in sales. Current P/E ratio is 4.45 and Fwd P/E is 6.96. Profit margin for the company is 23.47%. Distance from 52-week low is 48.22% and -40.49% from its 52-week high. The company has generated returns on investments over the last 12 months (20.78%).

The EPS is expected to shrink by -57.32% this year.

Hafnia Ltd (HAFN) Top Institutional Holders

The shares outstanding are 502.92M, and float is at 262.30M with Short Float at 1.34%.

The top institutional shareholder in the company is ACADIAN ASSET MANAGEMENT LLC with over 12.78 million shares valued at $107.65 million. The investor’s holdings represent 2.5105% of the HAFN Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 9.77 million shares valued at $81.95 million to account for 1.9185 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 5.85 million shares representing 1.1485% and valued at over $49.1 million, while JPMORGAN CHASE & CO holds 0.6101 of the shares totaling 3.11 million with a market value of $26.06 million.