Borr Drilling Ltd [BORR] is -15.18% lower this YTD. Is it still time to buy?

Borr Drilling Ltd [NYSE: BORR] loss -7.11% on the last trading session, reaching $6.01 price per share at the time.

If compared to the average trading volume of 1.75M shares, BORR reached a trading volume of 3049898 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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Here is what top equities market gurus are saying about Borr Drilling Ltd [BORR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for BORR shares is $8.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on BORR stock is a recommendation set at 1.36. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Borr Drilling Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 06, 2023.

The Average True Range (ATR) for Borr Drilling Ltd is set at 0.28, with the Price to Sales ratio for BORR stock in the period of the last 12 months amounting to 1.64. The Price to Book ratio for the last quarter was 1.51, with the Price to Cash per share for the same quarter was set at 0.78.

Trading performance analysis for BORR stock

Borr Drilling Ltd [BORR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.50. With this latest performance, BORR shares dropped by -7.42% in over the last four-week period, additionally plugging by 4.21% over the last 6 months – not to mention a drop of -10.82% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BORR stock in for the last two-week period is set at 45.01, with the RSI for the last a single of trading hit 40.79, and the three-weeks RSI is set at 45.16 for Borr Drilling Ltd [BORR]. The present Moving Average for the last 50 days of trading for this stock 6.38, while it was recorded at 6.30 for the last single week of trading, and 6.35 for the last 200 days.

Borr Drilling Ltd [BORR]: A deeper dive into fundamental analysis

Borr Drilling Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.47 and a Current Ratio set at 1.47.

Borr Drilling Ltd [BORR]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Borr Drilling Ltd posted 0/share EPS, while the average EPS was predicted by analysts to be reported at 0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.07. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BORR.

An analysis of Institutional ownership at Borr Drilling Ltd [BORR]

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