Ship Finance International Limited (SFL) has been under a strong bear grip, hence the stock is down -1.34% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.11% in the past 1 week. The stock has risen by 0.27% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.87% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.48% and the 50-Day Moving Average is 0.13%.The 200 Day SMA reached 6.8%
Ship Finance International Limited (NYSE:SFL): After opening at $14.58, the stock dipped to an intraday low of $14.535 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $14.83 and the buying power remained strong till the end. The stock closed at $14.73 for the day, a gain of 1.52% for the day session. The total traded volume was 2,294,911. The stocks close on the previous trading day was $14.73.
Ship Finance International Limited (SFL) : The consensus price target for Ship Finance International Limited (SFL) is $15 for the short term with a standard deviation of $1.41. The most optimist securities analyst among the 4 who monitor the stock believes that the stock can reach $16, however, the pessimist price target for the company is $13.
Ship Finance International Limited 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 also involved in the charter, purchase and sale of assets. The Company operates through subsidiaries, partnerships and branches located in Bermuda, Cyprus, Malta, Liberia, Norway, Singapore, the United Kingdom and the Marshall Islands. The Companys assets consist of approximately 19 oil tankers, 14 drybulk carriers, 17 container vessels, two car carriers, two jack-up drilling rigs, three ultra-deepwater drilling units, six offshore supply vessels and two chemical tankers. The Companys oil tankers and chemical tankers are all double-hull vessels. Some of its customers include Frontline, Seadrill, NADL, Sinochem Shipping Co. Ltd., China National Chartering Co Ltd, Heung-A Shipping Co. Ltd., Hyundai Glovis Co. Ltd., Western Bulk A/S, Hamburg Sud Group and Hanjin Shipping.