Borr Drilling Ltd (NYSE: BORR)’s stock price has decreased by -1.71 compared to its previous closing price of 5.85. However, the company has seen a -1.20% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-13 that When growth stocks shine in the limelight, they rarely trade at a valuation gap. Investors continue to buy in an uptrend on the fear of missing out on a potentially bigger rally.
Is It Worth Investing in Borr Drilling Ltd (NYSE: BORR) Right Now?
Borr Drilling Ltd (NYSE: BORR) has a higher price-to-earnings ratio of 80.99x compared to its average ratio. BORR has 36-month beta value of 2.96. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BORR is 227.22M, and currently, short sellers hold a 3.44% ratio of that float. The average trading volume of BORR on April 16, 2024 was 2.11M shares.
BORR’s Market Performance
BORR stock saw a decrease of -1.20% in the past week, with a monthly decline of -15.69% and a quarterly a decrease of -11.48%. The volatility ratio for the week is 3.21%, and the volatility levels for the last 30 days are 3.86% for Borr Drilling Ltd (BORR). The simple moving average for the last 20 days is -9.60% for BORR stock, with a simple moving average of -15.41% for the last 200 days.
BORR Trading at -8.76% from the 50-Day Moving Average
After a stumble in the market that brought BORR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.21% of loss for the given period.
Volatility was left at 3.86%, however, over the last 30 days, the volatility rate increased by 3.21%, as shares sank -15.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.80% lower at present.
During the last 5 trading sessions, BORR fell by -1.20%, which changed the moving average for the period of 200-days by -17.27% in comparison to the 20-day moving average, which settled at $6.31. In addition, Borr Drilling Ltd saw -20.68% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for BORR
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.71 for the gross margin
The net margin for Borr Drilling Ltd stands at 0.03. The total capital return value is set at 0.09. Equity return is now at value 2.35, with 0.73 for asset returns.
Based on Borr Drilling Ltd (BORR), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 1.73. The interest coverage ratio of the stock is 1.61.
Currently, EBITDA for the company is 381.06 million with net debt to EBITDA at 4.43. When we switch over and look at the enterprise to sales, we see a ratio of 3.88. The receivables turnover for the company is 3.14for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
To put it simply, Borr Drilling Ltd (BORR) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
