Borr Drilling ($BORR) Skyrockets with a +8.58% Weekly Gain!
🛢️ Borr Drilling's Impressive Leap: What You Need To Know 📈
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Ticker Spotlight: Borr Drilling (BORR)
🔹 Closing Price: $7.47
🔹 Weekly Gain: +8.58%
🔹 AI Analysis: Out of 21 stocks in the Contract Drilling Industry, a staggering 88.89% are on an uptrend, with BORR leading the charge!
Industry Snapshot: Contract Drilling 🔧
Companies in this sector offer onshore and offshore drilling services to the energy sector. 🛢️ Main customers include both major and independent oil and gas entities.
📊 Market Cap Dynamics: The industry's average market cap is $2.15B, with NE taking the lead at $7.48B.
Noteworthy Competitors:
- Transocean Ltd (NYSE:RIG)
- Diamond Offshore Drilling (NYSE:DO)
Key Financial Insights:
💡 Earnings Update:
BORR's recent earnings report on August 17 missed the mark, landing at 0 cents per share. 💼 Stock Activity: Over the past week, BORR has seen a gain of +4.98%, with an average trading volume of 105,120 shares.
What The Numbers Say: 🔍 Fundamental Analysis Ratings:
- Valuation Rating: 61
- P/E Growth Rating: 79
- Price Growth Rating: 44
- SMR Rating: 75
- Profit Risk Rating: 86
Looking Ahead: 🔗 Correlation with RIG:
A.I.dvisor's data suggests BORR and RIG stocks move similarly 66% of the time. If BORR continues its climb, RIG might just follow suit!
Borr Drilling's impressive performance this week is reflective of the overall positive trend in the Contract Drilling Industry. As we keep an eye on the market, BORR and its notable peers like RIG could present interesting opportunities for traders and investors alike.
Remember, always do your own research before making investment decisions. 📚🔍
Stay tuned for more updates and trading insights! 📊📉📈
BORR in downward trend: price expected to drop as it breaks its higher Bollinger Band on September 15, 2023
BORR broke above its upper Bollinger Band on September 15, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 41 similar instances where the stock broke above the upper band. In of the 41 cases the stock fell afterwards. This puts the odds of success at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 26, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BORR as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 10-day moving average for BORR crossed bearishly below the 50-day moving average on August 24, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BORR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BORR entered a downward trend on September 18, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where BORR's RSI Oscillator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Moving Average Convergence Divergence (MACD) for BORR just turned positive on September 12, 2023. Looking at past instances where BORR's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BORR advanced for three days, in of 213 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BORR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.891) is normal, around the industry mean (1.364). P/E Ratio (0.000) is within average values for comparable stocks, (38.719). BORR's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (0.167). BORR has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.032). BORR's P/S Ratio (2.528) is slightly higher than the industry average of (1.202).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BORR’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company, which engages in the provision of drilling services to the oil and gas exploration and production industry.
Industry ContractDrilling
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CBMAX | 38.63 | N/A | N/A |
| Allspring C&B Mid Cap Value A | |||
| SUPAX | 13.99 | -0.18 | -1.27% |
| DWS Equity Sector Strategy Fund Class A | |||
| PESAX | 16.92 | -0.24 | -1.40% |
| Principal Large Cap Value III R1 | |||
| RSLDX | 58.91 | -0.84 | -1.41% |
| American Funds SMALLCAP World R5E | |||
| PQNAX | 23.92 | -0.38 | -1.56% |
| Virtus NFJ Mid-Cap Value A | |||
BORR and
Correlation & Price change
A.I.dvisor indicates that over the last year, BORR has been loosely correlated with RIG. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is some statistical probability that if BORR jumps, then RIG could also see price increases.
| Ticker / NAME | Correlation To BORR | 1D Price Change % | ||
|---|---|---|---|---|
| BORR | 100% | +1.58% | ||
| RIG - BORR | 66% Loosely correlated | +0.48% | ||
| DO - BORR | 61% Loosely correlated | -1.36% | ||
| NBR - BORR | 60% Loosely correlated | -3.06% | ||
| PDS - BORR | 58% Loosely correlated | -2.24% | ||
| NE - BORR | 56% Loosely correlated | -0.74% | ||
More | ||||