The stock price of Hafnia Ltd (NYSE: HAFN) has dropped by -0.85 compared to previous close of 8.19. Despite this, the company has seen a gain of 7.27% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-23 that Hafnia Limited (NYSE:HAFN ) Q2 2024 Earnings Call Transcript August 23, 2024 8:30 AM ET Company Participants Mikael Skov – CEO Jens Christophersen – EVP, Commercial Perry Van Echtelt – CFO Conference Call Participants Omar Nokta – Jefferies Frode Morkedal – Clarksons Platou Securities AS Operator Welcome to Hafnia Second Quarter 2024 Financial Results Presentation. We will begin shortly.
Is It Worth Investing in Hafnia Ltd (NYSE: HAFN) Right Now?
The price-to-earnings ratio for Hafnia Ltd (NYSE: HAFN) is 5.17x, which is above its average ratio.
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The public float for HAFN is 282.46M and currently, short sellers hold a 0.11% of that float. On August 27, 2024, HAFN’s average trading volume was 437.81K shares.
HAFN’s Market Performance
The stock of Hafnia Ltd (HAFN) has seen a 7.27% increase in the past week, with a 3.70% rise in the past month, and a -5.47% fall in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.22% for HAFN. The simple moving average for the past 20 days is 5.58% for HAFN’s stock, with a 9.32% simple moving average for the past 200 days.
Analysts’ Opinion of HAFN
Many brokerage firms have already submitted their reports for HAFN stocks, with BTIG Research repeating the rating for HAFN by listing it as a “Buy.” The predicted price for HAFN in the upcoming period, according to BTIG Research is $10 based on the research report published on April 12, 2024 of the current year 2024.
HAFN Trading at 3.74% from the 50-Day Moving Average
After a stumble in the market that brought HAFN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.68% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +2.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.14% upper at present.
During the last 5 trading sessions, HAFN rose by +7.00%, which changed the moving average for the period of 200-days by +24.71% in comparison to the 20-day moving average, which settled at $7.70. In addition, Hafnia Ltd saw 17.60% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for HAFN
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.32 for the gross margin
The net margin for Hafnia Ltd stands at 0.29. The total capital return value is set at 0.25. Equity return is now at value 34.78, with 20.03 for asset returns.
Based on Hafnia Ltd (HAFN), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 1.69. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 12.56.
Currently, EBITDA for the company is 1.0 billion with net debt to EBITDA at 0.85. When we switch over and look at the enterprise to sales, we see a ratio of 1.81. The receivables turnover for the company is 4.45for trailing twelve months and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To wrap up, the performance of Hafnia Ltd (HAFN) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
