SFL Corporation Ltd (NYSE: SFL)’s Potential for Significant Price Increase in the Near Future

In the last trading session, 0.45 million SFL Corporation Ltd (NYSE:SFL) shares changed hands as the company’s beta touched 0.69. With the company’s per share price at $14.15 changed hands at -$0.04 or -0.28% during last session, the market valuation stood at $1.95B. SFL’s last price was a discount, traded about -3.32% off its 52-week high of $14.62. The share price had its 52-week low at $8.52, which suggests the last value was 39.79% up since then. When we look at SFL Corporation Ltd’s average trading volume, we note the 3-month average coming to 679.94K.

SFL Corporation Ltd (NYSE:SFL) trade information

Instantly SFL was in red as seen at the end of in last trading. With action 0.71%, the performance over the past five days has been green. The drop to weekly highs of 14.62 subtracted -0.28% to the stock’s daily price. The company’s shares are showing year-to-date upside of 25.44%, with the 5-day performance at 0.71% in the green. However, in the 30-day time frame, SFL Corporation Ltd (NYSE:SFL) is 7.69% up.

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SFL Corporation Ltd (SFL) estimates and forecasts

Year-over-year growth is forecast to reach 18.70% up from the last financial year.

Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 187.4M. 2 analysts are of the opinion that SFL Corporation Ltd’s revenue for the current quarter will be 256.4M. The company’s revenue for the corresponding quarters a year ago was 175.23M and 204.89M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 6.90%. The estimates for the next quarter sales put growth at 25.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.94%. The 2024 estimates are for SFL Corporation Ltd earnings to increase by 82.27%, but the outlook for the next 5-year period is at -7.70% per year.

SFL Dividends

SFL Corporation Ltd is expected to release its next quarterly earnings report in June. The 8.90% annual yield figure for the share gives it an annual dividend of 1.26. It is important to note, however, that the 8.90% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.