Borr Drilling Limited (NYSE:BORR) price is hovering higher on Tuesday, August 24, jumping 4.70% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $0.63, with intraday deals fluctuating between $0.59 and $0.63. The company’s 5Y monthly beta was ticking 4.18. Taking into account the 52-week price action we note that the stock hit a 52-week high of $1.67 and 52-week low of $0.37. The stock subtracted -21.56% on its value in the past month.
Borr Drilling Limited, which has a market valuation of $171.64 million. Analysts tracking BORR have forecast the quarterly EPS to shrink by -0.19 per share this quarter, while the same analysts predict the annual EPS to hit -$0.84 for the year 2021 and up to -$0.71 for 2022. In this case, analysts estimate an annual EPS growth of 58.60% for the year and 15.50% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $78.4 million, with the likely lows of $78.4 million and highs of $78.4 million. The average estimate suggests sales growth for the quarter will likely fall by -6.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $343.88 million for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 11.80% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BORR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned BORR a recommendation rating as follows: 4 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Borr Drilling Limited (BORR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BORR’s price is at present -4.77% off the SMA20 and -15.09% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 43.09, with weekly volatility standing at 5.22%. The indicator jumps to 5.10% when calculated based on the past 30 days. Borr Drilling Limited (NYSE:BORR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.04. Considering analysts have assigned the stock a price target range of $0.60-$1.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $0.80. Based on this estimate, we see that today’s price at last check is roughly 9.09% off the estimated low and -51.52% off the forecast high. Investors will no doubt be excited to see the share price fall to $0.80, which is the median consensus price, and at that level BORR would be -21.21% from recent price.
An analysis of the Borr Drilling Limited (NYSE:BORR) stock in terms of its daily trading volume indicates that the 3-month average is 1.81 million.
Current records show that the company has 273.53M in outstanding shares. The insiders’ percentage holdings are 10.61% of outstanding shares while the percentage share held by institutions stands at 33.26%. But the -22.93% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.