SFL Stock Summary and Trading Ideas (SFL | NYSE:SFL)

SFL Corp Ltd is an international ship owning and chartering company. The company is engaged primarily in the ownership and operation of vessels and offshore related assets and is also involved in the charter, purchase, and sale of assets. Its oil tankers, chemical tankers, and oil product tankers are all double-hull vessels.

SFL trades on the NYSE stock market under the symbol SFL.

As of November 13, 2024, SFL stock price climbed to $10.30 with 1,013,015 million shares trading.

SFL has a beta of 0.43, meaning it tends to be less sensitive to market movements. SFL has a correlation of 0.04 to the broad based SPY ETF.

SFL has a market cap of $1.50 billion. This is considered a Small Cap stock.

Last quarter SFL reported $255 million in Revenue and $.34 earnings per share. This beat revenue expectation by $9 million and missed earnings estimates by -$.06.

In the last 3 years, SFL traded as high as $14.62 and as low as $7.64.

The top ETF exchange traded funds that SFL belongs to (by Net Assets): IWM, AVUV, DFAT, DIV, IWN.

SFL has underperformed the market in the last year with a price return of +4.3% while the SPY ETF gained +37.1%. SFL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.1% and -3.5%, respectively, while the SPY returned +12.3% and +2.7%, respectively.

SFL support price is $9.96 and resistance is $10.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SFL shares will trade within this expected range on the day.