As of Friday close, Borr Drilling Limited’s (NYSE:BORR) stock was up $0.15, moving up 2.34 percent to $6.55. The average number of shares traded per day over the past five days has been 2,923,340 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.29 fall in that time frame. In the last twenty days, the average volume was 2,154,855, while in the previous 50 days, it was 1,882,168.
Since last month, BORR stock retreated -4.10%. Shares of the company fell to $5.95 on 03/15/23, the lowest level in the past month. A 52-week high of $7.72 was reached on 03/03/23 after having rallying from a 52-week low of $2.45. Since the beginning of this year, BORR’s stock price has risen by 31.79% or $1.58, and marked a new high 15 times. However, the stock has declined by -15.21% since its 52-week high.
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Financial Health
Based on annual data, BORR earned -$88.3 million in gross profit and brought in $245.3 million in revenue.
In Borr Drilling Limited’s quarter-end financial report for December 30, it reported total debt of $1.92 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BORR’s revenue fell -25.36% during the quarter, while net income inched up to $245.3 million. While analysts expected Borr Drilling Limited to report -$0.09 quarterly earnings, the actual figure was -$0.09 per share. During the quarter, the company generated $48.5 million in EBITDA. The liabilities of Borr Drilling Limited were 2.36 billion at the end of its most recent quarter ended December 30, and its total debt was $1.64 billion.
Technical Picture
This quick technical analysis looks at Borr Drilling Limited’s (BORR) price momentum. With a historical volatility rate of 79.59%, the RSI 9-day stood at 44.16% on 17 March.
With respect to its five-day moving average, the current Borr Drilling Limited price is down by -4.24% percent or -$0.29. At present, BORR shares trade -8.39% below its 20-day simple moving average and +68.38% percent above its 100-day simple moving average. However, the stock is currently trading approximately +43.01% above its SMA50 and +17.59% above its SMA200.
Stochastic coefficient K was 23.07% and Stochastic coefficient D was 23.77%, while ATR was 0.44. Given the Stochastic reading of 33.78% for the 14-day period, the RSI (14) reading has been calculated as 47.74%. As of today, the MACD Oscillator reading stands at -0.45, while the 14-day reading stands at -0.68.
Analyst Ratings
BTIG Research upgraded its rating on Borr Drilling Limited (NYSE: BORR) to a Buy in a note to investors on January 06, 2023. The analysts firm previously had a Neutral rating on the stock.Borr Drilling Limited (BORR) has been rated Buy by analysts. According to 0 brokerage firms, BORR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Borr Drilling Limited stock as buy, with 6 recommending it as overweight.
With a median target price of $8.78, the current consensus forecast for the stock is $8.50 – $10.00. Based on these forecasts, analysts predict Borr Drilling Limited (BORR) will achieve an average price target of $9.15.