At the time of writing, SFL Corporation Ltd [SFL] stock is trading at $13.04, down -1.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SFL shares have lost -0.61% over the last week, with a monthly amount drifted -4.12%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SFL Corporation Ltd [NYSE: SFL] stock has seen the most recent analyst activity on August 18, 2023, when Pareto downgraded its rating to a Hold but kept the price target unchanged to $11 for it. Previously, DNB Markets downgraded its rating to Hold on November 09, 2021, and kept the price target unchanged to $8. On August 19, 2021, upgrade upgraded it’s rating to Buy but maintained its price target of $9 on the stock. DNB Markets downgraded its rating to a Hold but stick to its price target of $14.70 on March 09, 2020. B. Riley FBR initiated its recommendation with a Neutral and recommended $11.90 as its price target on January 10, 2019. Seaport Global Securities upgraded its rating to Buy for this stock on June 01, 2018, but kept the price target unchanged to $18. In a note dated August 22, 2016, Seaport Global Securities initiated an Neutral rating and provided a target price of $16 on this stock.
For the past year, the stock price of SFL Corporation Ltd fluctuated between $8.43 and $13.74. Currently, Wall Street analysts expect the stock to reach $13 within the next 12 months. SFL Corporation Ltd [NYSE: SFL] shares were valued at $13.04 at the most recent close of the market. An investor can expect a potential drop of -0.31% based on the average SFL price forecast.
Analyzing the SFL fundamentals
According to SFL Corporation Ltd [NYSE:SFL], the company’s sales were 752.29M for trailing twelve months, which represents an 5.94% jump. Gross Profit Margin for this corporation currently stands at 0.32% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.47.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.95 points at the first support level, and at 12.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.18, and for the 2nd resistance point, it is at 13.33.
Ratios To Look Out For
It is important to note that SFL Corporation Ltd [NYSE:SFL] has a current ratio of 0.30. In addition, the Quick Ratio stands at 0.29 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 2.38, the price to book ratio is 1.72.
