Borr Drilling Ltd (NYSE: BORR) has a higher price-to-earnings ratio of 12.71x compared to its average ratio, The 36-month beta value for BORR is at 2.92. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for BORR is 234.26M, and currently, shorts hold a 4.41% of that float. The average trading volume for BORR on December 16, 2024 was 3.28M shares.
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BORR) stock’s latest price update
The stock of Borr Drilling Ltd (NYSE: BORR) has increased by 2.95 when compared to last closing price of 3.73.Despite this, the company has seen a gain of 5.79% in its stock price over the last five trading days. prnewswire.com reported 2024-12-12 that HAMILTON, Bermuda, Dec. 12, 2024 /PRNewswire/ — Borr Drilling Limited (“Borr Drilling” or the “Company”) (NYSE: BORR) (OSE: BORR) refers to i) its announcement on 6 November 2024, where the Company announced the authorization by its Board of Directors of a commitment to repurchase $20 million worth of shares within year end 2024, under its previously announced $100 million share repurchase authorization, and ii) the announcement on November 20, 2024, where the Company announced the completion of the first $10 million repurchases under the $20 million authorization (the “First Tranche”). The Company has entered a new agreement with DNB Markets (“DNB”) to effect the purchase of the remaining $10 million worth of shares under the $20 million authorization in open market transactions on OSE and NYSE by December 31, 2024 (the “Second Tranche”).
BORR’s Market Performance
BORR’s stock has risen by 5.79% in the past week, with a monthly drop of -7.25% and a quarterly drop of -32.28%. The volatility ratio for the week is 5.52% while the volatility levels for the last 30 days are 4.85% for Borr Drilling Ltd The simple moving average for the last 20 days is 2.51% for BORR’s stock, with a simple moving average of -32.21% for the last 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 -10.17% 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 -49.16% of loss for the given period.
Volatility was left at 4.85%, however, over the last 30 days, the volatility rate increased by 5.52%, as shares sank -2.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.25% lower at present.
During the last 5 trading sessions, BORR rose by +6.06%, which changed the moving average for the period of 200-days by -37.80% in comparison to the 20-day moving average, which settled at $3.75. In addition, Borr Drilling Ltd saw -47.47% 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 2.84. 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 conclusion, Borr Drilling Ltd (BORR) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
