Borr Drilling Ltd [BORR] stock is trading at $4.04, down -0.25%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BORR shares have gain 8.02% over the last week, with a monthly amount glided 10.38%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Borr Drilling Ltd [NYSE: BORR] stock has seen the most recent analyst activity on September 13, 2024, when Evercore ISI upgraded its rating to a Outperform but kept the price target unchanged to $9 for it. Previously, BTIG Research upgraded its rating to Buy on January 06, 2023.
Borr Drilling Ltd [BORR] stock has fluctuated between $3.29 and $7.47 over the past year. Currently, Wall Street analysts expect the stock to reach $9 within the next 12 months. Borr Drilling Ltd [NYSE: BORR] shares were valued at $4.04 at the most recent close of the market. An investor can expect a potential return of 122.77% based on the average BORR price forecast.
Analyzing the BORR fundamentals
Borr Drilling Ltd [NYSE:BORR] reported sales of 968.10M for the trailing twelve months, which represents a growth of 26.16%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.96 points at the first support level, and at 3.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.17, and for the 2nd resistance point, it is at 4.30.
Ratios To Look Out For
For context, Borr Drilling Ltd’s Current Ratio is 1.33. As well, the Quick Ratio is 1.33, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 1.10, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 13.37.
