For the readers interested in the stock health of Borr Drilling Limited (BORR). It is currently valued at $6.25. When the transactions were called off in the previous session, Stock hit the highs of $7.24, after setting-off with the price of $7.02. Company’s stock value dipped to $6.87 during the trading on the day. When the trading was stopped its value was $6.96.Recently in News on February 24, 2023, Borr Drilling Limited – Increase in share capital. Reference is made to Borr Drilling Limited’s (the “Company”) (NYSE: BORR) (OSE: BORR) stock exchange releases related to the completion of the Special General Meeting on 23 February 2023 and the Convertible Bond offering launched on 24 January 2023. Following the successful placement of the $250 million Convertible Bonds, the Company entered into a share lending agreement (“SLA”) with the intention to make up to 25 million shares available for the purposes of facilitating investors’ hedging activities, of which 15 million shares have already been made available. Please refer to the stock exchange notice published by the Company on 1 February 2023 and 24 January 2023 for further details of the 15 million shares initially issued and the SLA. You can read further details here
Borr Drilling Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $7.72 on 03/03/23, with the lowest value was $2.45 for the same time period, recorded on 07/14/22.
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Borr Drilling Limited (BORR) full year performance was 120.85%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Borr Drilling Limited shares are logging -19.09% during the 52-week period from high price, and 155.00% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $2.45 and $7.72.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 1455773 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Borr Drilling Limited (BORR) recorded performance in the market was 25.75%, having the revenues showcasing 47.75% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 1.77B.
The Analysts eye on Borr Drilling Limited (BORR)
During the last month, 0 analysts gave the Borr Drilling Limited a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 5.44, with a change in the price was noted +2.59. In a similar fashion, Borr Drilling Limited posted a movement of +71.10% for the period of last 100 days, recording 1,466,527 in trading volumes.
Technical rundown of Borr Drilling Limited (BORR)
Raw Stochastic average of Borr Drilling Limited in the period of last 50 days is set at 53.89%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 5.43%. In the last 20 days, the company’s Stochastic %K was 27.55% and its Stochastic %D was recorded 36.42%.
Considering, the past performance of Borr Drilling Limited, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 25.75%. Additionally, trading for the stock in the period of the last six months notably improved by 47.41%, alongside a boost of 120.85% for the period of the last 12 months. The shares increased approximately by -15.20% in the 7-day charts and went down by -3.25% in the period of the last 30 days. Common stock shares were driven by 47.75% during last recorded quarter.