SFL Corporation Ltd. (NYSE:SFL) finished Friday with an addition of $0.04 to close at $9.22, an upside of 0.44 percent. An average of 601,340 shares of common stock have been traded in the last five days. There was a gain of $0.04 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 835,240 shares traded, while the 50-day average volume stands at 899,774.
SFL stock has decreased by -5.82% in the last month. The company shares reached their 1-month lowest point of $9.05 on 12/19/22. With the stock rallying to its 52-week high on 05/31/22, shares of the company touched a low of $7.64 and a high of $11.60 in 52 weeks. It has reached a new high 20 times so far this year and achieved 13.13% or $1.07 in price. In spite of this, the price is down -20.50% from the 52-week high.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
SFL Corporation Ltd. (SFL) has a trailing price-to-earnings (P/E) ratio of 5.64. The stock’s beta is 0.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.00, the price-to-book (PB) ratio at 1.09, and the price-to-cash flow ratio at 7.35.
The company has a payout ratio of 44.30%. The company’s most recent quarterly dividend payment was $0.23 a share, without any change from last year. Its latest increase dividend $0.01 reported on Thursday August 18 2022.
Further, the company has a long term debt to equity ratio of 1.40 and a total debt to equity ratio of 2.34 for the quarter ending June 29. Its gross profit as reported stood at $356.66 million compared to revenue of $513.4 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SFL Corporation Ltd.’s return on assets was 6.50%.
For the three-month period that ended June 29, SFL Corporation Ltd. had $1.59 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $164.34 million in the quarter, while revenues were grew 236.56%. The analyst consensus anticipated SFL Corporation Ltd.’s latest quarter earnings to come in at $0.29 per share, but it turned out to be $0.45, a 55.20% surprise. For the quarter, EBITDA amounted to $65.46 million.
From a technical analysis perspective, let’s take a brief look at SFL Corporation Ltd. (SFL) price momentum. RSI 9-day as of the close on 30 December was 43.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.20%.
As of today, SFL’s price is $9.24 +0.44% or $0.04 from its 5-day moving average. SFL is currently trading -5.63% lower than its 20-day SMA and -9.70% lower than its 100-day SMA. However, the stock’s current price level is -4.95% below the SMA50 and -5.05% below the SMA200.
The stochastic %K and %D were 18.34% and 23.57%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 28.24% and the average true range at 0.23, the RSI (14) stands at 42.91%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
DNB Markets downgraded SFL Corporation Ltd. (NYSE: SFL) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.