During the last session, SFL Corporation Ltd. (NYSE:SFL)’s traded shares were 0.9 million, with the beta value of the company hitting 1.13. At the end of the trading day, the stock’s price was $8.35, reflecting an intraday gain of 0.72% or $0.06. The 52-week high for the SFL share is $9.34, that puts it down -11.86 from that peak though still a striking 29.94% gain since the share price plummeted to a 52-week low of $5.85. The company’s market capitalization is $1.06B, and the average intraday trading volume over the past 10 days was 1.1 million shares, and the average trade volume was 1.16 million shares over the past three months.
SFL Corporation Ltd. (SFL) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.50. SFL has a Sell rating from 0 analyst(s) out of 6 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.19.
SFL Corporation Ltd. (NYSE:SFL) trade information
SFL Corporation Ltd. (SFL) registered a 0.72% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.72% in intraday trading to $8.35 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 3.47%, and it has moved by 21.90% in 30 days. Based on these gigs, the overall price performance for the year is -4.35%. The short interest in SFL Corporation Ltd. (NYSE:SFL) is 1.78 million shares and it means that shorts have 1.36 day(s) to cover.
The consensus price target of analysts on Wall Street is $10.00, which implies an increase of 16.5% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.00 and $16.00 respectively. As a result, SFL is trading at a discount of -91.62% off the target high and 4.19% off the low.
SFL Corporation Ltd. (SFL) estimates and forecasts
Statistics show that SFL Corporation Ltd. has underperformed its competitors in share price, compared to the industry in which it operates. SFL Corporation Ltd. (SFL) shares have gone up 5.56% during the last six months, with a year-to-date growth rate less than the industry average at -28.41% against -6.30. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 72.70% this quarter and then jump 66.70% in the quarter after that. In the rating firms’ projections, revenue will increase 3.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $116.76 million as predicted by 5 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to $126.91 million by the end of Sep 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -25.40%. While earnings are projected to return -348.70% in 2021, the next five years will return -7.70% per annum.
SFL Corporation Ltd. is due to release its next quarterly earnings between November 10 and November 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for SFL Corporation Ltd. is 0.60, with the dividend yield indicating at 7.19 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 12.01%.
SFL Corporation Ltd. (NYSE:SFL)’s Major holders
SFL Corporation Ltd. insiders own 20.15% of total outstanding shares while institutional holders control 27.77%, with the float percentage being 34.78%. Dimensional Fund Advisors LP is the largest shareholder of the company, while 198 institutions own stock in it. As of Mar 30, 2021, the company held over 5.88 million shares (or 4.59% of all shares), a total value of $47.16 million in shares.
The next largest institutional holding, with 5.11 million shares, is of Blackrock Inc.’s that is approximately 3.99% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $41.0 million.
Also, the Mutual Funds coming in first place with the largest holdings of SFL Corporation Ltd. (SFL) shares are iShares Russell 2000 ETF and DFA U.S. Small Cap Value Series. Data provided on May 30, 2021 indicates that iShares Russell 2000 ETF owns about 2.18 million shares. This amounts to just over 1.70 percent of the company’s overall shares, with a $18.91 million market value. The same data shows that the other fund manager holds slightly less at 1.89 million, or about 1.47% of the stock, which is worth about $14.64 million.