Borr Drilling Ltd (NYSE: BORR) is -52.82% 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 $1.93 in the last trading session, with the day’s loss setting it -0.09%.
Currently trading at $1.84, the stock is -5.35% and -19.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.41 million and changing -4.66% at the moment leaves the stock -56.08% off its SMA200. BORR registered -67.08% loss for a year compared to 6-month loss of -60.85%. The firm has a 50-day simple moving average (SMA 50) of $2.2786 and a 200-day simple moving average (SMA200) of $4.18925.
The stock witnessed a -22.69% gain in the last 1 month and extending the period to 3 months gives it a -45.24%, and is 2.22% 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 7.58% over the week and 9.21% over the month.
Borr Drilling Ltd (BORR) has around 2719 employees, a market worth around $440.33M and $1.01B in sales. Current P/E ratio is 6.21 and Fwd P/E is 14.73. Profit margin for the company is 8.12%. Distance from 52-week low is 13.58% and -74.66% from its 52-week high. The company has generated returns on investments over the last 12 months (2.75%).
with sales reaching $228.17M over the same period.The EPS is expected to shrink by -31.49% this year, but quarterly earnings will post 1.45% year-over-year. Quarterly sales are estimated to shrink -2.49% in year-over-year returns.
Borr Drilling Ltd (BORR) Top Institutional Holders
201.0 institutions hold shares in Borr Drilling Ltd (BORR), with institutional investors hold 91.46% of the company’s shares. The shares outstanding are 244.93M, and float is at 222.73M with Short Float at 9.11%. Institutions hold 84.04% 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.
Borr Drilling Ltd (BORR) Insider Activity
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