Following The Money: Institution’s Growing Stake In Hafnia Ltd (NYSE: HAFN)

Hafnia Ltd (HAFN) concluded trading on Thursday at a closing price of $5.28, with 8.31 million shares of worth about $43.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -34.33% during that period and on January 23, 2025 the price saw a gain of about 4.97%. Currently the company’s common shares owned by public are about 509.94M shares, out of which, 275.92M shares are available for trading.

Stock saw a price change of -11.56% in past 5 days and over the past one month there was a price change of 3.53%. Year-to-date (YTD), HAFN shares are showing a performance of -5.21% which decreased to -28.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.99 but also hit the highest price of $8.99 during that period. The average intraday trading volume for Hafnia Ltd shares is 2.73 million. The stock is currently trading -5.35% below its 20-day simple moving average (SMA20), while that difference is down -3.66% for SMA50 and it goes to -25.33% lower than SMA200.

Hafnia Ltd (NYSE: HAFN) currently have 509.94M outstanding shares and institutions hold larger chunk of about 30.82% of that.

The stock has a current market capitalization of $2.69B. PE ratio of stock for trailing 12 months is 3.11, while it has posted earnings per share of $1.70 in the same period. It has Quick Ratio of 1.52 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HAFN, volatility over the week remained 2.75% while standing at 2.75% over the month.

Analysts are in expectations that Hafnia Ltd (HAFN) stock would likely to be making an EPS of 0.14 in the current quarter, while forecast for next quarter EPS is 0.19 and it is 0.87 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.14 which is 0.15 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -2.74% while it is estimated to decrease by -38.43% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on April 12, 2024 offering a Buy rating for the stock and assigned a target price of $10 to it.

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