SFL Corporation Ltd (SFL) Stock: A Closer Look at the Market Potential

Company’s 36-month beta value is 0.72.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 108.07M, and currently, short sellers hold a 1.22% ratio of that floaft. The average trading volume of SFL on September 20, 2024 was 1.16M shares.

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SFL) stock’s latest price update

SFL Corporation Ltd (NYSE: SFL)’s stock price has decreased by -0.67 compared to its previous closing price of 11.29. However, the company has seen a 1.49% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-11 that SFL Corporation Ltd. (NYSE: SFL) (the “Company” or “SFL”) today successfully placed NOK 750 million senior unsecured bonds due September 25, 2029. The bonds will pay a quarterly coupon of the 3 month Norwegian Interbank Offered Rate (NIBOR) + 3.25 % per annum.

SFL’s Market Performance

SFL Corporation Ltd (SFL) has seen a 1.49% rise in stock performance for the week, with a -3.74% decline in the past month and a -16.56% plunge in the past quarter. The volatility ratio for the week is 1.77%, and the volatility levels for the past 30 days are at 1.99% for SFL. The simple moving average for the last 20 days is -1.13% for SFL stock, with a simple moving average of -11.02% for the last 200 days.

Analysts’ Opinion of SFL

Pareto, on the other hand, stated in their research note that they expect to see SFL reach a price target of $11. The rating they have provided for SFL stocks is “Hold” according to the report published on August 18th, 2023.

DNB Markets gave a rating of “Hold” to SFL, setting the target price at $8 in the report published on November 09th of the previous year.

SFL Trading at -5.14% 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 -23.29% of loss for the given period.

Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.77%, as shares sank -3.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.46% lower at present.

During the last 5 trading sessions, SFL rose by +1.37%, which changed the moving average for the period of 200-days by -2.85% in comparison to the 20-day moving average, which settled at $11.32. In addition, SFL Corporation Ltd saw -0.58% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for SFL

Current profitability levels for the company are sitting at:

  • 0.34 for the present operating margin
  • 0.36 for the gross margin

The net margin for SFL Corporation Ltd stands at 0.15. The total capital return value is set at 0.1. Equity return is now at value 12.13, with 3.30 for asset returns.

Based on SFL Corporation Ltd (SFL), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.58. The interest coverage ratio of the stock is 2.24.

Currently, EBITDA for the company is 443.42 million with net debt to EBITDA at 4.71. When we switch over and look at the enterprise to sales, we see a ratio of 4.94. The receivables turnover for the company is 96.69for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.34.

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.

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