Borr Drilling Ltd (BORR) Is Now En Route to Higher Prices

Borr Drilling Ltd (NYSE: BORR) is -21.11% lower on its value in year-to-date trading and has touched a low of $5.03 and a high of $7.51 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BORR stock was last observed hovering at around $5.48 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $5.59, the stock is -4.19% and -9.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing 2.01% at the moment leaves the stock -9.21% off its SMA200. BORR registered -19.69% loss for a year compared to 6-month loss of -15.56%.

The stock witnessed a -14.92% gain in the last 1 month and extending the period to 3 months gives it a -8.03%, and is 2.95% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.02% over the week and 3.71% over the month.

Borr Drilling Ltd (BORR) has around 2869 employees, a market worth around $1.40B and $918.00M in sales. Current P/E ratio is 21.07 and Fwd P/E is 5.74. Profit margin for the company is 8.15%. Distance from 52-week low is 11.12% and -25.60% from its 52-week high. The company has generated returns on investments over the last 12 months (2.72%).

with sales reaching $261M over the same period.The EPS is expected to grow by 485.56% this year, but quarterly earnings will post 31.90% year-over-year.