Borr Drilling Ltd (NYSE:BORR) shares, rose in value on Thursday, April 25, with the stock price down by -2.24% to the previous day’s close as strong demand from buyers drove the stock to $5.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.59. The PE ratio was 76.97 over 12-month period. Referring to stock’s 52-week performance, its high was $8.87, and the low was $5.40. On the whole, BORR has fluctuated by -16.05% over the past month.
The company’s Forward Dividend Ratio is 0.00, with its dividend yield at 0.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 942.5M, with a low estimate of 237M and a high estimate of 241M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 239M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BORR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BORR currently trading nearly -7.55% and -12.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.38, while the 7-day volatility ratio is showing 4.30% which for the 30-day chart, stands at 4.37%. Furthermore, Borr Drilling Ltd (BORR)’s beta value is 2.96, and its average true range (ATR) is 0.26.
A comparison of Borr Drilling Ltd (BORR) with its peers suggests the former has fared considerably weaker in the market. BORR showed an intraday change of -2.24% in today’s session so far, and over the past year, it shrunk by -19.70%%.
Data on historical trading for Borr Drilling Ltd (NYSE:BORR) indicates that the trading volumes over the past 3 months, they’ve averaged 2.25 million. According to company’s latest data on outstanding shares, there are 252.58 million shares outstanding.
Nearly 10.04% of Borr Drilling Ltd’s shares belong to company insiders and institutional investors own 73.21% of the company’s shares. The stock has fallen by -24.61% 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.
