Borr Drilling Ltd [BORR] stock prices are down -10.91% to $1.96 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The BORR shares have gain 1.03% over the last week, with a monthly amount drifted -10.91%, and not 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.
The stock price of Borr Drilling Ltd [BORR] has been fluctuating between $1.62 and $7.26 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 $1.96 at the most recent close of the market. An investor can expect a potential return of 359.18% based on the average BORR price forecast.
Analyzing the BORR fundamentals
The Borr Drilling Ltd [NYSE:BORR] reported sales of 1.01B for trailing twelve months, representing a surge of 19.27%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.13.
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 1.88 points at the first support level, and at 1.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.05, and for the 2nd resistance point, it is at 2.14.
Ratios To Look Out For
It’s worth pointing out that Borr Drilling Ltd [NYSE:BORR]’s Current Ratio is 1.16. On the other hand, the Quick Ratio is 1.16, and the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 0.48, the price to book ratio is 0.48 and price to earnings (TTM) ratio is 6.61.
