Are SFL Corporation Ltd (SFL) stocks a prudent buy?

A share price of SFL Corporation Ltd [SFL] is currently trading at $11.51, up 1.23%. 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 gain 3.69% over the last week, with a monthly amount drifted -1.20%, 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 20, 2024, when Pareto upgraded its rating to a Buy. Previously, Pareto downgraded its rating to Hold on August 18, 2023, and kept the price target unchanged to $11. On November 09, 2021, downgrade downgraded it’s rating to Hold but maintained its price target of $8 on the stock. Jefferies upgraded its rating to a Buy but stick to its price target of $9 on August 19, 2021. DNB Markets downgraded its rating to a Hold but $14.70 remained the price target by the analyst firm on March 09, 2020. B. Riley FBR started tracking with a Neutral rating for this stock on January 10, 2019, and assigned it a price target of $11.90. In a note dated June 01, 2018, Seaport Global Securities upgraded an Buy rating on this stock but restated the target price of $18.

SFL Corporation Ltd experienced fluctuations in its stock price throughout the past year between $10.27 and $14.62. Currently, Wall Street analysts expect the stock to reach $14.5 within the next 12 months. SFL Corporation Ltd [NYSE: SFL] shares were valued at $11.51 at the most recent close of the market. An investor can expect a potential return of 25.98% based on the average SFL price forecast.

Analyzing the SFL fundamentals

Trailing Twelve Months sales for SFL Corporation Ltd [NYSE:SFL] were 834.44M which represents 16.01% growth. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.58.

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 11.43 points at the first support level, and at 11.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.58, and for the 2nd resistance point, it is at 11.64.

Ratios To Look Out For

To put it in perspective, the Current Ratio for SFL Corporation Ltd [NYSE:SFL] is 0.34. In addition, the Quick Ratio stands at 0.34 and the Cash Ratio stands at 0.17. Considering the valuation of this stock, the price to sales ratio is 2.01, the price to book ratio is 1.40.

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