Home  »  Companies   »  Borr Drilling Limited (NYSE: BORR): A Stock Worth ...

Borr Drilling Limited (NYSE: BORR): A Stock Worth Watching

Borr Drilling Limited (NYSE:BORR) shares, rose in value on Thursday, 08/04/22, with the stock price down by -2.30% to the previous day’s close as strong demand from buyers drove the stock to $3.82.

Actively observing the price movement in the last trading, the stock closed the session at $3.91, falling within a range of $3.72 and $3.995. The value of beta (5-year monthly) was 3.35. Referring to stock’s 52-week performance, its high was $6.96, and the low was $1.12. On the whole, BORR has fluctuated by 5.23% over the past month.

Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored

As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.26, which is expected to increase to -$0.23 for fiscal year -$1 and then to about $0.09 by fiscal year 2023. Data indicates that the EPS growth is expected to be 30.10% in 2023, while the next year’s EPS growth is forecast to be 109.00%.

Analysts have estimated the company’s revenue for the quarter at $101.4 million, with a low estimate of $101.4 million and a high estimate of $101.4 million. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $420.6 million, representing an increase of 71.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that BORR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BORR currently trading nearly 15.95% and -18.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.63, while the 7-day volatility ratio is showing 9.22% which for the 30-day chart, stands at 9.60%. Furthermore, Borr Drilling Limited (BORR)’s average true range (ATR) is 0.41.

Data on historical trading for Borr Drilling Limited (NYSE:BORR) indicates that the trading volumes over the past 10 days have averaged 1.82 million and over the past 3 months, they’ve averaged 2.09 million. According to company’s latest data on outstanding shares, there are 136.81 million shares outstanding.

Nearly 7.54% of Borr Drilling Limited’s shares belong to company insiders and institutional investors own 34.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.31 million shares as on Jul 14, 2022, resulting in a short ratio of 2.42. According to the data, the short interest in Borr Drilling Limited (BORR) stood at 4.78% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 4.34 million. The stock has risen by 85.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BORR stock heading into the next quarter.

Leave a Comment

Your email address will not be published.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]