Borr Drilling Ltd (NYSE: BORR) is -53.59% lower on its value in year-to-date trading and has touched a low of $1.62 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 $1.80 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.81, the stock is -10.17% and -23.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.15 million and changing 0.56% at the moment leaves the stock -57.47% off its SMA200. BORR registered -67.21% loss for a year compared to 6-month loss of -64.99%. The firm has a 50-day simple moving average (SMA 50) of $2.39 and a 200-day simple moving average (SMA200) of $4.27815.
The stock witnessed a -24.27% gain in the last 1 month and extending the period to 3 months gives it a -46.92%, and is -3.72% 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 6.80% over the week and 8.67% over the month.
Borr Drilling Ltd (BORR) has around 2719 employees, a market worth around $430.76M and $1.01B in sales. Current P/E ratio is 6.11 and Fwd P/E is 11.59. Profit margin for the company is 8.12%. Distance from 52-week low is 11.73% and -75.07% from its 52-week high. The company has generated returns on investments over the last 12 months (2.75%).
The EPS is expected to shrink by -25.30% this year
202.0 institutions hold shares in Borr Drilling Ltd (BORR), with institutional investors hold 91.47% of the company’s shares. The shares outstanding are 244.93M, and float is at 222.73M with Short Float at 8.90%. Institutions hold 84.05% of the Float.
The top institutional shareholder in the company is CAPITAL INTERNATIONAL INVESTORS with over 17.6 million shares valued at $113.37 million. The investor’s holdings represent 7.0085 of the BORR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.62 million shares valued at $87.86 million to account for 5.4226 of the shares outstanding. The other top investors are FOLKETRYGDFONDET which holds 12.59 million shares representing 5.0128 and valued at over $81.22 million, while FIL LTD holds 4.1747 of the shares totaling 10.49 million with a market value of $67.64 million.
