Borr Drilling Limited (NYSE:BORR) saw an upside of 2.91% to close Monday at $1.06 after adding $0.03 on the day. The 5-day average trading volume is 2,705,480 shares of the company’s common stock. It has gained $1.0900 in the past week. An average of 1,926,310 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,408,362.
BORR’s 1-month performance is 47.12% or $0.3395 on its low of $0.6600 reached on 09/20/21. The company’s shares have touched a 52-week low of $0.37 and high of $1.67, with the stock’s rally to the 52-week high happening on 02/16/21. YTD, BORR has achieved 30.19% or $0.2458. However, the current price is down -36.53%% from the 52-week high price.
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Borr Drilling Limited (BORR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 19.63 for the sector.BORR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.30 while the price-to-book (PB) in the most recent quarter is 0.09.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BORR to announce -$0.19 per share in earnings in its latest quarter, but it posted -$0.22, representing a -15.80% surprise. EBITDA for the quarter stood at more than $2.3 million. BORR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.17 billion, with total debt at $1.91 billion
Let’s look briefly at Borr Drilling Limited (BORR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 77.83% to suggest the stock is trending Overbought, with historical volatility in this time period at 166.38%.
The stock’s 5-day moving average is $1.0233, reflecting a +1.92% or $0.0200 change from its current price. BORR is currently trading +46.69% above its 20-day SMA, +12.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +43.24% and +13.98% respectively.
Stochastic %K and %D was 90.29% and 89.19% and the average true range (ATR) pointed at 0.0645. The RSI (14) points at 74.21%, while the 14-day stochastic is at 92.53% with the period’s ATR at 0.0593. The stock’s 9-day MACD Oscillator is pointing at 0.0522 and 0.1171 on the 14-day charts.
Analysts offering their rating for BORR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BORR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is BORR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $1.16, with their median price target at $1.08. Looking at these predictions, the average price target given by analysts is for Borr Drilling Limited (BORR) stock is $1.08.