Borr Drilling Ltd (NYSE: BORR)’s stock price has plunge by -4.20relation to previous closing price of 4.05. Nevertheless, the company has seen a -3.96% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-25 that Borr Drilling sold off on news that Aramco is suspending one of its rigs. The sell-off is perhaps amplified by the Oslo de-listing as certain institutional holders can no longer own the stock. Despite the worries, Borr Drilling is expected to generate 20% FCF yield next year under conservative assumptions.
Is It Worth Investing in Borr Drilling Ltd (NYSE: BORR) Right Now?
The price-to-earnings ratio for Borr Drilling Ltd (NYSE: BORR) is above average at 12.84x, Company’s 36-month beta value is 2.99.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for BORR is 234.26M, and currently, short sellers hold a 4.41% ratio of that floaft. The average trading volume of BORR on November 25, 2024 was 2.82M shares.
BORR’s Market Performance
BORR stock saw a decrease of -3.96% in the past week, with a monthly decline of -17.45% and a quarterly a decrease of -40.03%. The volatility ratio for the week is 3.66%, and the volatility levels for the last 30 days are 4.29% for Borr Drilling Ltd (BORR). The simple moving average for the past 20 days is -4.70% for BORR’s stock, with a -33.69% simple moving average for the past 200 days.
Analysts’ Opinion of BORR
Many brokerage firms have already submitted their reports for BORR stocks, with Evercore ISI repeating the rating for BORR by listing it as a “Outperform.” The predicted price for BORR in the upcoming period, according to Evercore ISI is $9 based on the research report published on September 13, 2024 of the current year 2024.
BORR Trading at -19.43% 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 -48.63% of loss for the given period.
Volatility was left at 4.29%, however, over the last 30 days, the volatility rate increased by 3.66%, as shares sank -12.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.41% lower at present.
During the last 5 trading sessions, BORR fell by -3.71%, which changed the moving average for the period of 200-days by -38.45% in comparison to the 20-day moving average, which settled at $4.07. In addition, Borr Drilling Ltd saw -46.92% 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:
- 0.36 for the present operating margin
- 0.53 for the gross margin
The net margin for Borr Drilling Ltd stands at 0.09. The total capital return value is set at 0.12. Equity return is now at value 8.83, with 2.64 for asset returns.
Based on Borr Drilling Ltd (BORR), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 2.02. The interest coverage ratio of the stock is 1.87.
Currently, EBITDA for the company is 361.24 million with net debt to EBITDA at 3.89. When we switch over and look at the enterprise to sales, we see a ratio of 2.9. The receivables turnover for the company is 2.76for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In a nutshell, Borr Drilling Ltd (BORR) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
