Borr Drilling Ltd (BORR) Stock Could Soon Reward Patient Investors

Borr Drilling Ltd (NYSE: BORR) is -55.90% 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 $1.78 in the last trading session, with the day’s loss setting it -0.06%.

Currently trading at $1.72, the stock is -3.88% and -14.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.54 million and changing -3.37% at the moment leaves the stock -54.96% off its SMA200. BORR registered -69.93% loss for a year compared to 6-month loss of -56.78%.

The stock witnessed a -11.79% gain in the last 1 month and extending the period to 3 months gives it a -43.79%, and is -9.47% 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 5.14% over the week and 6.67% over the month.

Borr Drilling Ltd (BORR) has around 2719 employees, a market worth around $411.61M and $1.01B in sales. Current P/E ratio is 5.80 and Fwd P/E is 20.47. Profit margin for the company is 8.12%. Distance from 52-week low is 6.17% and -76.31% 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 -42.58% this year.

Borr Drilling Ltd (BORR) Top Institutional Holders

The shares outstanding are 244.93M, and float is at 223.98M with Short Float at 8.62%.

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.