In the latest session, SFL Corporation Ltd. (NYSE: SFL) closed at $9.30 up 0.98% from its previous closing price of $9.21. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 960210 shares were traded. SFL stock price reached its highest trading level at $9.36 during the session, while it also had its lowest trading level at $8.97.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
For a deeper understanding of SFL Corporation Ltd.’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 2.45 whereas as Long-Term Debt/Eq ratio is at 1.56.
Upgrades & Downgrades
On August 19, 2021, Jefferies Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $9.
DNB Markets Downgraded its Buy to Hold on March 09, 2020, while the target price for the stock was maintained at $14.70.
As of this moment, SFL’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.82, and their Forward P/E ratio for the next fiscal year is 6.96. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 1.08.
Stock Price History:
Over the past 52 weeks, SFL has reached a high of $11.60, while it has fallen to a 52-week low of $8.71. The 50-Day Moving Average of the stock is 10.00, while the 200-Day Moving Average is calculated to be 9.98.
For the past three months, SFL has traded an average of 803.86K shares per day and 854.98k over the past ten days. A total of 126.80M shares are outstanding, with a floating share count of 116.51M. Insiders hold about 43.40% of the company’s shares, while institutions hold 34.60% stake in the company. Shares short for SFL as of Jan 12, 2023 were 1.71M with a Short Ratio of 1.81M, compared to 1.64M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.23% and a Short% of Float of 1.52%.
Dividends & Splits
According to the company, the forward annual dividend rate for SFL is 0.96, from 0.80 in the trailing year. Against a Trailing Annual Dividend Yield of 8.69%, it implies a Forward Annual Dividend Yield of 8.69%. The stock’s 5-year Average Dividend Yield is 10.61.
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.28 for the current quarter, with a high estimate of $0.4 and a low estimate of $0.23, while EPS last year was $0.63. The consensus estimate for the next quarter is $0.1, with high estimates of $0.1 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.62 and $1.44 for the fiscal current year, implying an average EPS of $1.5. EPS for the following year is $0.93, with 3 analysts recommending between $1.23 and $0.35.
A total of 2 analysts believe the company’s revenue will be $175.5M this quarter.It ranges from a high estimate of $180M to a low estimate of $171M. As of the current estimate, SFL Corporation Ltd.’s year-ago sales were $152.06M, an estimated increase of 15.40% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $176.9M, an increase of 16.10% over than the figure of $15.40% in the same quarter last year. There is a high estimate of $176.9M for the next quarter, whereas the lowest estimate is $176.9M.
A total of 3 analysts have provided revenue estimates for SFL’s current fiscal year. The highest revenue estimate was $666M, while the lowest revenue estimate was $629.45M, resulting in an average revenue estimate of $646.15M. In the same quarter a year ago, actual revenue was $513.4M, up 25.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $696.86M in the next fiscal year. The high estimate is $793M and the low estimate is $552.57M. The average revenue growth estimate for next year is up 7.80% from the average revenue estimate for this year.