Borr Drilling Limited (NYSE:BORR) saw a downside of -0.21% to $7.16 after subtracting -$0.02on Wednesday. The 5-day average trading volume is 1,456,942 shares of the company’s common stock. It has gained $8.05 in the past week and touched a new high 1 time within the past 5 days. An average of 1,338,845 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,678,614.
BORR’s 1-month performance is -13.88% or -$0.70 on its low of $6.90 reached on 08/23/23. The company’s shares have touched a 52-week low of $3.22 and high of $9.01, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, BORR has achieved 44.16% or $2.19 and has reached a new high 26 times. However, the current price is down -20.48% from the 52-week high price.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
BORR stock has a beta of 2.98.
The trailing 12-month EBITDA margin is 32.02%. The firm’s gross profit as reported stood at -$101.9 million against revenue of $443.8 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 34.08% to -$292.8 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected BORR to announce $0.08 per share in earnings in its latest quarter, but it posted $0, representing a -100.00% surprise. EBITDA for the quarter stood at more than $87.2 million. BORR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.09 billion, with total debt at $1.64 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 22 August was 19.87% to suggest the stock is trending oversold, with historical volatility in this time period at 1.96%.
The stock’s 5-day moving average is $7.36, reflecting a -9.94% or -$0.79 change from its current price. BORR is currently trading -13.63% above its 20-day SMA, -7.13% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.92% and SMA200 by+39.57%.
Stochastic %K and %D was 7.16% and 8.92% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 31.22%, while the 14-day stochastic is at 12.32% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.49 and -0.78 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Borr Drilling Limited (NYSE: BORR), BTIG Research upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for BORR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BORR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 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 $8.08 and a high of $12.00, with their median price target at $9.94. Looking at these predictions, the average price target given by analysts is for Borr Drilling Limited (BORR) stock is $9.85.
