Market Update: SFL Corporation Ltd (SFL) Sees Positive Movement, Closing at 11.65

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In the latest session, SFL Corporation Ltd (NYSE: SFL) closed at $11.65 up 0.52% from its previous closing price of $11.59. In other words, the price has increased by $0.52 from its previous closing price. On the day, 0.68 million shares were traded. SFL stock price reached its highest trading level at $11.685 during the session, while it also had its lowest trading level at $11.52.

Ratios:

For a deeper understanding of SFL Corporation Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.34 and its Current Ratio is at 0.34. In the meantime, Its Debt-to-Equity ratio is 2.58 whereas as Long-Term Debt/Eq ratio is at 1.65.

On August 18, 2023, Pareto Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $11.

DNB Markets Downgraded its Buy to Hold on November 09, 2021, while the target price for the stock was maintained at $8.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SFL now has a Market Capitalization of 1697509760 and an Enterprise Value of 3950953472. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 4.771 whereas that against EBITDA is 7.708.

Stock Price History:

Over the past 52 weeks, SFL has reached a high of $14.62, while it has fallen to a 52-week low of $10.27. The 50-Day Moving Average of the stock is -8.54%, while the 200-Day Moving Average is calculated to be -7.40%.

Shares Statistics:

For the past three months, SFL has traded an average of 1.04M shares per day and 969400 over the past ten days. A total of 137.47M shares are outstanding, with a floating share count of 108.07M. Insiders hold about 25.83% of the company’s shares, while institutions hold 30.72% stake in the company. Shares short for SFL as of 1722384000 were 1514046 with a Short Ratio of 1.46, compared to 1719532800 on 1277283. Therefore, it implies a Short% of Shares Outstanding of 1514046 and a Short% of Float of 1.26.

Dividends & Splits

According to the company, the forward annual dividend rate for SFL is 1.02, from 1.05 in the trailing year. Against a Trailing Annual Dividend Yield of 0.090595335The stock’s 5-year Average Dividend Yield is 9.93.

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