Borr Drilling Limited (NYSE:BORR) The stock’s Relative Strength Index (RSI) is 45.69, with weekly volatility at 3.73% and ATR at 0.05. The BORR stock’s 52-week price range has touched low of $0.37 and a $2.86 high. Its shares traded lower over the last trading session, losing -0.11% on 05/21/21. The shares fell to a low of $0.9342 before closing at $0.94. Intraday shares traded counted 1.65 million, which was 56.85% higher than its 30-day average trading volume of 3.82M. BORR’s previous close was $0.94 while the outstanding shares total 273.53M.
Investors have identified the Oil & Gas Drilling company Borr Drilling Limited as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $256.84 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Borr Drilling Limited (BORR) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 140.8 million total, with 96.0 million as their total liabilities.
BORR were able to record -97.2 million as free cash flow during the 08/31/2021 quarter of the year, this saw their quarterly net cash flow reduce by -109.3 million. In cash movements, the company had a total of -54.8 million as operating cash flow.
Potential earnings growth for Borr Drilling Limited (BORR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/31/2021 quarter of the year, Borr Drilling Limited recorded a total of 60.2 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -54.32% coming in sequential stages and their sales for the 08/31/2021 quarter increasing by 1.66%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 85.6 million trying to sell their products during the last quarter, with the result yielding a gross income of -25.4 million. This allows shareholders to hold on to 273.53M with the recently reported earning now reading -0.10 cents per share. This is a figure that compared to analyst’s prediction for their 08/31/2021.
Is the stock of BORR attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 10.61%.
0 out of 3 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Borr Drilling Limited. 0 analysts has assigned a Sell rating on the BORR stock. The 12-month mean consensus price target for the company’s shares has been set at $1.10.