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 -69.74% away from its 52-week high, while its distance from the 52-week low is 33.14%. The stock’s price range during this period has varied between $1.55 and $6.82. The company, active in the Energy sector, saw a trading volume of around 5.16 million for the day, considerably lower average daily volume of 5.21 million observed over the last three months.
Borr Drilling Ltd (BORR) currently has a stock price of $2.06. The stock saw a sharp increase in the last trading session, hitting a high of $5.59 after opening at $2.09. The lowest recorded price for the day was $2.2 before it closed at $1.92.
Borr Drilling Ltd’s stock has had a tumultuous market performance.
How Financial Performance Impacts Market Capitalization
Borr Drilling Ltd (BORR) has experienced a quarterly rise of 26.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 549.38M and boasts a workforce of 2719 employees.
Decoding Analysts’ Ratings for Borr Drilling Ltd
As of right now, 1 analyst is rating Borr Drilling Ltd as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
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 1.9821, with a change in price of -0.1550. Similarly, Borr Drilling Ltd recorded 5,344,562 in trading volume during the last 100 days, posting a change of -7.05%.
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 2.17. Similarly, the long-term debt-to-equity ratio is also 2.05.
BORR Stock Stochastic Average
As of today, the raw stochastic average of Borr Drilling Ltd over the past 50 days is 60.90%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 42.39%. Additionally, the Stochastic %K and %D values for the company were 21.38% and 22.34%, 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 -68.30%.However, over the last six months, we can see a stronger performance of -38.77%. Over the last 30 days, the price of BORR has leaped by -1.26%. And in the last five days, it has fallen by -4.46%.
