SFL Corporation Ltd (SFL): Are Investors Missing The Big Picture?

SFL Corporation Ltd (NYSE:SFL) does about 600.40K shares in volume on a normal day but saw 1291358 shares change hands in Monday trading. The company now has a market cap of 1.81B USD. Its current market price is $13.17, marking a decrease of -3.37% compared to the previous close of $13.63. The 52 week high reached by this stock is $14.62 whilst the lowest price level in 52 weeks is $9.19.

SFL Corporation Ltd (SFL) has a 20-day trading average at $13.59 and the current price is -9.92% off the 52-week high compared with 43.31% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.81 and its 200-day simple moving average is $12.39. If we look at the stock’s price movements over the week, volatility stands at 2.59%, which decreases to 1.91% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 37.93 to suggest the stock is neutral.

The consensus objective for the share price is $14.45, suggesting that the stock has a potential upside of 8.86% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 18, 2023 when Pareto downgraded the stock to “Hold” and issued a price target of $11. DNB Markets also downgraded the stock to “Hold” from Buy on November 09, 2021 at a price target of $8. Jefferies upgraded its price target at $9.

SFL Corporation Ltd (SFL) stock is down -5.12% over the week and -6.40% over the past month. Its price is 16.76% year-to-date and 40.41% over the past year.

To reach the target analysts have set, the stock logically needs to grow 8.86 percent from here.

The company has a return on investment of 4.58% and return on equity of 11.60%. The forward price to earnings ratio is 13.92. The beta has a value of 0.70. Price to book ratio is 1.73 and price to sales ratio is 2.24.