SFL Corporation Ltd [SFL] stock Downgrade by Pareto analyst, price target now $11

SFL Corporation Ltd [NYSE: SFL] closed the trading session at $11.88.

The stocks have a year to date performance of 5.32 percent and weekly performance of -12.00 percent. The stock has been moved at -1.57 percent over the last six months. The stock has performed -12.26 percent around the most recent 30 days and changed -8.62 percent over the most recent 3-months.

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If compared to the average trading volume of 637.79K shares, SFL reached to a volume of 12711323 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about SFL Corporation Ltd [SFL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SFL shares is $14.45 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SFL stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Pareto have made an estimate for SFL Corporation Ltd shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 18, 2023. The new note on the price target was released on November 09, 2021, representing the official price target for SFL Corporation Ltd stock. Previously, the target price had yet another raise to $9, while Jefferies analysts kept a Buy rating on SFL stock.

The Average True Range (ATR) for SFL Corporation Ltd is set at 0.45, with the Price to Sales ratio for SFL stock in the period of the last 12 months amounting to 2.02. The Price to Book ratio for the last quarter was 1.56, with the Price to Cash per share for the same quarter was set at 1.31.

SFL stock trade performance evaluation

SFL Corporation Ltd [SFL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.00. With this latest performance, SFL shares dropped by -12.26% in over the last four-week period, additionally sinking by -1.57% over the last 6 months – not to mention a rise of 27.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SFL stock in for the last two-week period is set at 30.35, with the RSI for the last a single of trading hit 26.30, and the three-weeks RSI is set at 33.61 for SFL Corporation Ltd [SFL]. The present Moving Average for the last 50 days of trading for this stock 13.72, while it was recorded at 13.28 for the last single week of trading, and 12.53 for the last 200 days.

SFL Corporation Ltd [SFL]: An insightful look at the core fundamentals

SFL Corporation Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.29 and a Current Ratio set at 0.29.

Earnings per share (EPS) analysis for SFL Corporation Ltd [SFL] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SFL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for SFL Corporation Ltd go to -7.70%.

SFL Corporation Ltd [SFL]: Institutional Ownership

The top three institutional holders of SFL stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SFL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SFL stock with ownership which is approximately 5.1238%.

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