The stock of Borr Drilling Limited (NYSE:BORR) decreased by -$0.01 on Friday to finish at $6.94, down -0.14 percent. The last five days have seen an average of 1,056,460 shares of common stock traded. 26 times new highs were reached in the current year, with a gain of $1.97. The average number of shares traded over the last 20 days was 1,337,910, while the average volume over the last 50 days totaled 1,672,352.
BORR stock dropped -15.78% since last month. On 08/25/23, the company’s shares reached a one-month low of $6.77. The stock touched a high of $9.01 on 08/04/23, after rallying from a low of $3.22 in 52 weeks. The price of BORR stock has risen by 39.64% or $1.97 this year, reaching a new high 26 times. Still, the stock price is down -22.97% from the 52-week high.
Financial Health
Based on annual data, it had gross profit of -$101.9 million and revenue of $443.8 million.
Earnings Surprise
According to Borr Drilling Limited’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $443.8 million, while revenues rose by 44.73% to $0.0. It was predicted that Borr Drilling Limited’s quarterly earnings would be $0, but it ended up being $0.06. EBITDA was $87.2 million for the quarter. At the end of Borr Drilling Limited’s most recent quarter ended June 29, its liabilities totaled 2.09 billion, while its total debt was $1.64 billion.
Technical Picture
Here’s a quick look at Borr Drilling Limited’s (BORR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 16.60%, suggesting the stock is oversold, with a 1.96% historical volatility rate.
The stochastic %K and %D were 8.33% and 7.23% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 8.65%, the RSI (14) reading is 28.02%. On the 9-day MACD Oscillator, the stock is at -0.39, and the 14-day reading is at -0.74.
Analyst Ratings
In its most recent analyst report, BTIG Research raised its rating on Borr Drilling Limited (NYSE: BORR) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Borr Drilling Limited (BORR) an Buy rating. BORR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is BORR’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.08 and $12.00, with a median target price of $9.94. In analyzing these forecasts, the average price target given by analysts for Borr Drilling Limited (BORR) is $9.85.
