Analysis Of The Weekly Performance Of Borr Drilling Limited (BORR)

Borr Drilling Limited (NYSE:BORR) trading with an addition of $0.05 to $1.04 on Friday, an upside of 4.54 percent. An average of 3,539,393 shares of common stock have been traded in the last five days. There was a gain of $0.1102 in the past week. The last 20 days have seen an average of 1,818,838 shares traded, while the 50-day average volume stands at 1,369,825.

BORR stock has increased by 38.40% in the last month. The company shares reached their 1-month lowest point of $0.6600 on 09/20/21. With the stock rallying to its 52-week high on 02/16/21, shares of the company touched a low of $0.37 and a high of $1.67 in 52 weeks. In spite of this, the price is down -37.72% from the 52-week high.


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Valuation Metrics

Borr Drilling Limited (BORR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.36 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.22, the price-to-book (PB) ratio at 0.08.

Borr Drilling Limited’s EBITDA margin for the year ending June 29 is -3.90%. Its gross profit as reported stood at -$188.0 million compared to revenue of $307.5 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

The analyst consensus anticipated Borr Drilling Limited’s latest quarter earnings to come in at -$0.19 per share, but it turned out to be -$0.22, a -15.80% surprise. For the quarter, EBITDA amounted to $2.3 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Borr Drilling Limited (BORR) price momentum. RSI 9-day as of the close on 07 October was 76.17%, suggesting the stock is Overbought, with historical volatility in this time frame at 167.01%.

As of today, BORR’s price is $1.0214 +11.85% or $0.1102 from its 5-day moving average. BORR is currently trading +44.36% higher than its 20-day SMA and +8.34% higher than its 100-day SMA. However, the stock’s current price level is +35.08% above the SMA50 and +14.98% above the SMA200.

The stochastic %K and %D were 88.65% and 90.76%, respectively, and the average true range (ATR) was 0.0650. With the 14-day stochastic at 95.01% and the average true range at 0.0592, the RSI (14) stands at 72.94%. The stock has reached 0.0528 on the 9-day MACD Oscillator while the 14-day reading was at 0.1247.

Analyst Ratings

The consensus rating for Borr Drilling Limited (BORR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BORR, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.

What is BORR’s price target for the next 12 months?

Analysts predict a range of price targets between $1.00 and $1.16, with a median target of $1.08. Taking a look at these predictions, the average price target given by analysts for Borr Drilling Limited (BORR) stock is $1.08.

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