SFL Corporation Ltd. (SFL): A Technical View

At the last check on Friday, SFL Corporation Ltd.’s (NYSE:SFL) stock was up $0.72, moving up 6.95 percent to $11.08. The average number of shares traded per day over the past five days has been 891,256 shares. 4 times new highs have been achieved over the past 5 days, with a $0.70 gain in that time frame. In the last twenty days, the average volume was 993,364, while in the previous 50 days, it was 1,062,172.

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Since last month, SFL stock retreated -1.52%. Shares of the company fell to $9.53 on 04/25/22, the lowest level in the past month. A 52-week high of $10.84 was reached on 05/13/22 after having rallying from a 52-week low of $6.67. Since the beginning of this year, SFL’s stock price has risen by 27.12% or $2.92, and marked a new high 18 times. However, the stock has increased by 2.26% since its 52-week high.

Valuation Metrics

Right now, SFL Corporation Ltd. (SFL) has a P/E ratio of about 9.28. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 2.77, the price-to-book (PB) ratio of 1.29, and the price-to-cash flow ratio of 9.20 may also be considered.

The latest dividend of $0.20 per share was paid out, which is 11.11% more than last year’s $0.18. On Wednesday February 16 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended March 30, SFL Corporation Ltd.’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 2.10, and the total debt-to-equity ratio was 2.46. On the profitability front, the trailing twelve-month gross margin is 69.50% percent. In the year ended March 30, operating margins totaled 47.30%. Based on annual data, SFL earned $356.66 million in gross profit and brought in $513.4 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.20%. Return on equity (ROE) for the past 12 months was 18.20%.

In SFL Corporation Ltd.’s quarter-end financial report for March 30, it reported total debt of $1.59 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SFL’s revenue rose 8.25% during the quarter, while net income inched up to $513.4 million. While analysts expected SFL Corporation Ltd. to report $0.24 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 54.20%. During the quarter, the company generated $54.75 million in EBITDA. The liabilities of SFL Corporation Ltd. were 2.61 billion at the end of its most recent quarter ended March 30, and its total debt was $2.42 billion.

Technical Picture

This quick technical analysis looks at SFL Corporation Ltd.’s (SFL) price momentum. With a historical volatility rate of 53.29%, the RSI 9-day stood at 68.68% on 12 May.

With respect to its five-day moving average, the current SFL Corporation Ltd. price is up by +6.75% percent or $0.70. At present, SFL shares trade +3.55% above its 20-day simple moving average and +38.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.00% above its SMA50 and +58.82% above its SMA200.

Stochastic coefficient K was 78.34% and Stochastic coefficient D was 57.36%, while ATR was 0.42. Given the Stochastic reading of 99.30% for the 14-day period, the RSI (14) reading has been calculated as 64.17%. As of today, the MACD Oscillator reading stands at 0.22, while the 14-day reading stands at 0.30.

Analyst Ratings

SFL Corporation Ltd. downgraded its rating on SFL Corporation Ltd. (NYSE: SFL) to a Hold in a note to investors on November 09, 2021. The analysts firm previously had a Buy rating on the stock.SFL Corporation Ltd. (SFL) has been rated Overweight by analysts. According to 0 brokerage firms, SFL is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate SFL Corporation Ltd. stock as buy, with 4 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $16.00. Based on these forecasts, analysts predict SFL Corporation Ltd. (SFL) will achieve an average price target of $11.89.


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