The stock of SFL Corporation Ltd. (NYSE:SFL) decreased by -$0.03 on Friday to finish at $9.99, down -0.30 percent. The last five days have seen an average of 680,340 shares of common stock traded. 17 times new highs were reached in the current year, with a gain of $0.77. The average number of shares traded over the last 20 days was 678,540, while the average volume over the last 50 days totaled 841,114.
SFL stock appreciated 4.61% since last month. On 07/17/23, the company’s shares reached a one-month low of $9.22. The stock touched a high of $11.51 on 02/09/23, after rallying from a low of $8.43 in 52 weeks. The price of SFL stock has risen by 8.35% or $0.77 this year, reaching a new high 17 times. Still, the stock price is down -13.21% from the 52-week high.
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Valuation Metrics
SFL Corporation Ltd. (SFL) has a trailing price-to-earnings (P/E) ratio of 8.44. Beta for the stock is 0.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.01, the price-to-book (PB) ratio of 1.19.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year. A $0.01 dividend increase was reported on Wednesday February 15 2023.
Financial Health
For the recent quarter, SFL Corporation Ltd.’s current ratio was 0.40. The company’s long-term debt to equity ratio for the recent quarter is 1.78, and the total debt to equity ratio is 2.44. As far as profitability goes, gross margin for the trailing twelve months is 68.90% percent. SFL Corporation Ltd.’s EBITDA margin for the recent year was 67.21%, whereas its operating margin stood at 38.50% for the same period. Based on annual data, it had gross profit of $465.25 million and revenue of $670.39 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SFL’s return on assets (ROA) during the last 12 months has been 4.30%. There was a 7.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 15.20%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $670.39 million, while revenues rose by 23.42% to $0.0. At the end of SFL Corporation Ltd.’s most recent quarter, its liabilities totaled 2.71 billion, while its total debt was $2.6 billion.
Technical Picture
Here’s a quick look at SFL Corporation Ltd.’s (SFL) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 67.02%, suggesting the stock is Neutral, with a 16.15% historical volatility rate.
The stochastic %K and %D were 85.40% and 88.13% respectively, while the average true range (ATR) was 0.15. Based on the 14-day stochastic reading of 81.01%, the RSI (14) reading is 65.40%. On the 9-day MACD Oscillator, the stock is at 0.10, and the 14-day reading is at 0.21.
Analyst Ratings
SFL Corporation Ltd. (NYSE: SFL) was downgraded by DNB Markets to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned SFL Corporation Ltd. (SFL) an Overweight rating. SFL is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is SFL’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.30 and $13.00, with a median target price of $10.25. In analyzing these forecasts, the average price target given by analysts for SFL Corporation Ltd. (SFL) is $10.70.
