The stock of SFL Corporation Ltd. (NYSE:SFL) increased by $0.09 on Friday to finish at $11.04, up 0.82 percent. The last five days have seen an average of 1,198,040 shares of common stock traded. 21 times new highs were reached in the current year, with a gain of $1.82. The average number of shares traded over the last 20 days was 1,025,030, while the average volume over the last 50 days totaled 916,884.
SFL stock appreciated 16.33% since last month. On 07/26/23, the company’s shares reached a one-month low of $9.43. The stock touched a high of $11.49 on 08/24/23, after rallying from a low of $8.43 in 52 weeks. The price of SFL stock has risen by 19.74% or $1.82 this year, reaching a new high 21 times. Still, the stock price is down -3.92% 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 12.79. Beta for the stock is 0.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.15, the price-to-book (PB) ratio of 1.33.
Company paid $0.24 per share in dividends, remained unchanged from $0.24 last year.
Financial Health
For the three months ended June 29, SFL Corporation Ltd.’s current ratio was 0.50. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.05, and the total debt to equity ratio is 2.43. As far as profitability goes, gross margin for the trailing twelve months is 65.90% percent. SFL Corporation Ltd.’s EBITDA margin for the year ended June 29 was 67.21%, whereas its operating margin stood at 34.40% 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 3.20%. 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 11.40%.
Earnings Surprise
According to SFL Corporation Ltd.’s quarterly financial report for the quarter that ended June 29. 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. It was predicted that SFL Corporation Ltd.’s quarterly earnings would be $0.13, but it ended up being $0.07, beating the consensus by 85.70%. At the end of SFL Corporation Ltd.’s most recent quarter ended June 29, its liabilities totaled 2.71 billion, while its total debt was $2.56 billion.
Technical Picture
Here’s a quick look at SFL Corporation Ltd.’s (SFL) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 81.44%, suggesting the stock is Overbought, with a 14.94% historical volatility rate.
The stochastic %K and %D were 88.42% and 85.23% respectively, while the average true range (ATR) was 0.26. Based on the 14-day stochastic reading of 93.48%, the RSI (14) reading is 78.14%. On the 9-day MACD Oscillator, the stock is at 0.13, and the 14-day reading is at 0.39.
Analyst Ratings
SFL Corporation Ltd. (NYSE: SFL) was downgraded by Pareto 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 Hold rating. SFL is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other 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 $10.00 and $13.00, with a median target price of $11.25. In analyzing these forecasts, the average price target given by analysts for SFL Corporation Ltd. (SFL) is $11.38.
