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.
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.
