Borr Drilling Ltd (NYSE: BORR) is -65.40% lower on its value in year-to-date trading and has touched a low of $1.55 and a high of $6.93 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 $2.21 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $2.28, the stock is 11.76% and 16.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.22 million and changing 3.17% at the moment leaves the stock -21.68% off its SMA200. BORR registered -41.54% loss for a year compared to 6-month loss of -35.04%. The firm has a 50-day simple moving average (SMA 50) of $1.9628 and a 200-day simple moving average (SMA200) of $2.91095.
The stock witnessed a 24.59% gain in the last 1 month and extending the period to 3 months gives it a 18.13%, and is 22.58% 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 5.68% over the week and 5.43% over the month.
Borr Drilling Ltd (BORR) has around 2719 employees, a market worth around $606.99M and $993.20M in sales. Current P/E ratio is 13.36 and Fwd P/E is 161.59. Profit margin for the company is 5.11%. Distance from 52-week low is 47.10% and -67.10% from its 52-week high. The company has generated returns on investments over the last 12 months (1.71%).
The EPS is expected to shrink by -49.84% this year.
Borr Drilling Ltd (BORR) Top Institutional Holders
194.0 institutions hold shares in Borr Drilling Ltd (BORR), with institutional investors hold 73.09% of the company’s shares. The shares outstanding are 239.31M, and float is at 224.12M with Short Float at 10.11%. Institutions hold 67.77% 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.
