Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Borr Drilling Ltd’s current trading price is -50.12% away from its 52-week high, while its distance from the 52-week low is 14.51%. The stock’s price range during this period has varied between $3.29 and $7.55. The company, active in the Energy sector, saw a trading volume of around 1.39 million for the day, considerably lower average daily volume of 3.32 million observed over the last three months.
Borr Drilling Ltd’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $7.55 on 12/26/23, and the lowest price during the same period was recorded at $3.29 on 12/06/24.
How Financial Performance Impacts Market Capitalization
Borr Drilling Ltd (BORR) has experienced a quarterly decline of -32.36% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 946.30M and boasts a workforce of 2869 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.06, with a change in price of -2.93. Similarly, Borr Drilling Ltd recorded 2,785,545 in trading volume during the last 100 days, posting a change of -43.81%.
How BORR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for BORR stands at 2.02. Similarly, the long-term debt-to-equity ratio is also 1.91.
BORR Stock Stochastic Average
As of today, the raw stochastic average of Borr Drilling Ltd over the past 50 days is 21.89%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 57.23%. Additionally, the Stochastic %K and %D values for the company were 56.35% and 52.86%, respectively, over the past 20 days.
BORR Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -48.46%.However, over the last six months, we can see a stronger performance of -40.01%. Over the last 30 days, the price of BORR has leaped by -4.62%. And in the last five days, it has fallen by -0.07%.
