SFL Corp Ltd (NYSE: SFL) stock closed at $11.88 on 7/24/24 after a major decline of -14.8%. Moreover, trading volume in this decline was exceptionally high at 1448% of normal. The stock has declined -12.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SFL is expected to continue to be an important Value Builder.
SFL has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. SFL has a slightly negative Appreciation Score of 40 but a good Power Rating of 80, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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