Borr Drilling Ltd (NYSE: BORR) is -41.54% lower on its value in year-to-date trading and has touched a low of $2.08 and a high of $7.26 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 $2.25 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $2.28, the stock is -10.04% and -27.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.22 million and changing 1.33% at the moment leaves the stock -52.66% off its SMA200. BORR registered -65.61% loss for a year compared to 6-month loss of -56.82%. The firm has a 50-day simple moving average (SMA 50) of $3.145 and a 200-day simple moving average (SMA200) of $4.81645.
The stock witnessed a -30.28% gain in the last 1 month and extending the period to 3 months gives it a -40.93%, and is -0.44% down 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 7.51% over the week and 6.94% over the month.
Borr Drilling Ltd (BORR) has around 2869 employees, a market worth around $561.86M and $1.01B in sales. Current P/E ratio is 7.69 and Fwd P/E is 14.57. Profit margin for the company is 8.12%. Distance from 52-week low is 9.88% and -68.60% from its 52-week high. The company has generated returns on investments over the last 12 months (2.75%).
with sales reaching $231.17M over the same period.The EPS is expected to shrink by -25.47% this year, but quarterly earnings will post -0.46% year-over-year. Quarterly sales are estimated to shrink -1.21% in year-over-year returns.
Borr Drilling Ltd (BORR) Top Institutional Holders
199.0 institutions hold shares in Borr Drilling Ltd (BORR), with institutional investors hold 81.95% of the company’s shares. The shares outstanding are 244.93M, and float is at 222.73M with Short Float at 7.74%. Institutions hold 76.32% of the Float.
The top institutional shareholder in the company is FIL LTD with over 10.49 million shares valued at $67.64 million. The investor’s holdings represent 4.1747% of the BORR Shares outstanding. As of 2024-06-30, the second largest holder is FIERA CAPITAL CORP with 1.55 million shares valued at $9.97 million to account for 0.6155 of the shares outstanding. The other top investors are ROVIDA ADVISORS INC. which holds 1.2 million shares representing 0.4777% and valued at over $7.72 million, while GOEHRING & ROZENCWAJG ASSOCIATES, LLC holds 0.3882 of the shares totaling 0.98 million with a market value of $6.29 million.
Borr Drilling Ltd (BORR) Insider Activity
#####
