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SFL Corporation Ltd. (NYSE:SFL) Currently -20.83% Below Its 52-Week High, But There May Be A Surprise Downside

In recent trading session, SFL Corporation Ltd. (NYSE:SFL) saw 0.81 million shares changing hands at last check today with its beta currently measuring 0.77. Company’s recent per share price level of $9.60 trading at -$0.48 or -4.71% at last check today assigns it a market valuation of $1.30B. That most recent trading price of SFL’s stock is at a discount of -20.83% from its 52-week high price of $11.60 and is indicating a premium of 20.42% from its 52-week low price of $7.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.66 million shares which gives us an average trading volume of 775.31K if we extend that period to 3-months.

For SFL Corporation Ltd. (SFL), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 1.80. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.29 in the current quarter.

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SFL Corporation Ltd. (NYSE:SFL) trade information

Upright in the red during last session for losing -4.71%, in the last five days SFL remained trading in the red while hitting it’s week-highest on Wednesday, 09/21/22 when the stock touched $9.60 price level, adding 8.4% to its value on the day. SFL Corporation Ltd.’s shares saw a change of 23.68% in year-to-date performance and have moved -4.18% in past 5-day. SFL Corporation Ltd. (NYSE:SFL) showed a performance of -7.10% in past 30-days. Number of shares sold short was 3.57 million shares which calculate 3.38 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $12.77 to the stock, which implies a rise of 24.82% to its recent value today. Analysts have been projecting $11.50 as a low price target for the stock while placing it at a high target of $13.50. It follows that stock’s current price would drop -40.63% in reaching the projected high whereas dropping to the targeted low would mean a loss of -19.79% for stock’s current value.

SFL Corporation Ltd. (SFL) estimates and forecasts

Statistics highlight that SFL Corporation Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -0.20% of value to its shares in past 6 months, showing an annual growth rate of 46.88% while that of industry is 17.90. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 81.20% in the current quarter and calculating -19.20% decrease in the next quarter. This year revenue growth is estimated to rise 8.60% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $149.4 million for the same. And 4 analysts are in estimates of company making revenue of $140.84 million in the next quarter that will end on Sep 2022. Company posted $113.57 million and $135.44 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 31.50% while estimating it to be 4.00% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -4.70% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 157.30% while estimates for its earnings growth in next 5 years are of -7.70%.

SFL Dividends

SFL Corporation Ltd. is more likely to be releasing its next quarterly report between February 15 and February 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

SFL Corporation Ltd. (NYSE:SFL)’s Major holders

Insiders are in possession of 24.41% of company’s total shares while institution are holding 34.17 percent of that, with stock having share float percentage of 45.21%. Investors also watch the number of corporate investors in a company very closely, which is 34.17% institutions for SFL Corporation Ltd. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at SFL for having 6.23 million shares of worth $63.45 million. And as of Mar 30, 2022, it was holding 4.50% of the company’s outstanding shares.

The second largest institutional holder is Dimensional Fund Advisors LP, which was holding about 5.61 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 4.05% of outstanding shares, having a total worth of $57.12 million.

On the other hand, iShares Russell 2000 ETF and DFA U.S. Small Cap Value Series are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 2.62 million shares of worth $24.84 million or 1.89% of the total outstanding shares. The later fund manager was in possession of 1.42 million shares on Apr 29, 2022, making its stake of worth around $14.06 million in the company or a holder of 1.02% of company’s stock.

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