At the last check on Thursday, Borr Drilling Limited’s (NYSE:BORR) stock was down -$0.22, moving down -3.00 percent to $6.95. The average number of shares traded per day over the past five days has been 1,293,869 shares. 3 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 1,341,047, while in the previous 50 days, it was 1,711,451.
Since last month, BORR stock retreated -18.27%. Shares of the company fell to $6.77 on 08/25/23, the lowest level in the past month. A 52-week high of $9.01 was reached on 08/04/23 after having rallying from a 52-week low of $3.22. Since the beginning of this year, BORR’s stock price has risen by 39.94% or $1.98, and marked a new high 26 times. However, the stock has declined by -22.81% since its 52-week high.
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Financial Health
Based on annual data, BORR earned -$101.9 million in gross profit and brought in $443.8 million in revenue.
In Borr Drilling Limited’s quarter-end financial report for June 29, it reported total debt of $1.19 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 rose 44.73% during the quarter, while net income inched up to $443.8 million. While analysts expected Borr Drilling Limited to report $0.06 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $87.2 million in EBITDA. The liabilities of Borr Drilling Limited were 2.09 billion at the end of its most recent quarter ended June 29, 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 22.63%, the RSI 9-day stood at 26.63% on 30 August.
With respect to its five-day moving average, the current Borr Drilling Limited price is down by -0.07% percent or $unch. At present, BORR shares trade -19.80% below its 20-day simple moving average and -10.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.39% above its SMA50 and +40.30% above its SMA200.
Stochastic coefficient K was 17.16% and Stochastic coefficient D was 15.53%, while ATR was 0.31. Given the Stochastic reading of 11.51% for the 14-day period, the RSI (14) reading has been calculated as 32.24%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.30.
