SFL Corporation Ltd (NYSE: SFL)’s stock price has plunge by -0.32relation to previous closing price of 12.60. Nevertheless, the company has seen a -1.87% plunge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that SFL Corporation Ltd. has had a significant increase in stock price over the past year and offers a yield of over 8%. The company has a diverse fleet with well-known charterers, including Maersk and Hapag-Lloyd. SFL’s earnings in Q4 ’23 showed growth in revenue, EPS, and Adjusted EBITDA, but a decrease in net income due to one-off items.
Is It Worth Investing in SFL Corporation Ltd (NYSE: SFL) Right Now?
Company’s 36-month beta value is 0.69.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for SFL is 99.88M, and currently, short sellers hold a 1.52% ratio of that floaft. The average trading volume of SFL on April 18, 2024 was 730.06K shares.
SFL’s Market Performance
SFL stock saw a decrease of -1.87% in the past week, with a monthly decline of -3.16% and a quarterly a decrease of 4.23%. The volatility ratio for the week is 1.81%, and the volatility levels for the last 30 days are 1.77% for SFL Corporation Ltd (SFL). The simple moving average for the past 20 days is -3.28% for SFL’s stock, with a 9.78% simple moving average for the past 200 days.
Analysts’ Opinion of SFL
Many brokerage firms have already submitted their reports for SFL stocks, with Pareto repeating the rating for SFL by listing it as a “Hold.” The predicted price for SFL in the upcoming period, according to Pareto is $11 based on the research report published on August 18, 2023 of the previous year 2023.
DNB Markets, on the other hand, stated in their research note that they expect to see SFL reach a price target of $8. The rating they have provided for SFL stocks is “Hold” according to the report published on November 09th, 2021.
Jefferies gave a rating of “Buy” to SFL, setting the target price at $9 in the report published on August 19th of the previous year.
SFL Trading at -3.05% from the 50-Day Moving Average
After a stumble in the market that brought SFL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.59% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares sank -5.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.13% upper at present.
During the last 5 trading sessions, SFL fell by -1.99%, which changed the moving average for the period of 200-days by +33.17% in comparison to the 20-day moving average, which settled at $12.95. In addition, SFL Corporation Ltd saw 11.35% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for SFL
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.32 for the gross margin
The net margin for SFL Corporation Ltd stands at 0.11. The total capital return value is set at 0.09. Equity return is now at value 7.88, with 2.21 for asset returns.
Based on SFL Corporation Ltd (SFL), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 2.47. The interest coverage ratio of the stock is 1.44.
Currently, EBITDA for the company is 443.42 million with net debt to EBITDA at 5.18. When we switch over and look at the enterprise to sales, we see a ratio of 5.48. The receivables turnover for the company is 10.17for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
In a nutshell, SFL Corporation Ltd (SFL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
