Borr Drilling Ltd (NYSE: BORR) is -50.51% lower on its value in year-to-date trading and has touched a low of $1.55 and a high of $7.09 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 $1.81 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $1.93, the stock is 7.97% and 3.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.16 million and changing 6.63% at the moment leaves the stock -45.35% off its SMA200. BORR registered -70.12% loss for a year compared to 6-month loss of -47.27%. The firm has a 50-day simple moving average (SMA 50) of $1.861 and a 200-day simple moving average (SMA200) of $3.5316.
The stock witnessed a 15.57% gain in the last 1 month and extending the period to 3 months gives it a -19.92%, and is 10.29% 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 5.51% over the week and 3.78% over the month.
Borr Drilling Ltd (BORR) has around 2719 employees, a market worth around $461.87M and $993.20M in sales. Current P/E ratio is 11.31 and Fwd P/E is 72.78. Profit margin for the company is 5.11%. Distance from 52-week low is 24.52% and -72.78% 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 -53.60% this year.
Borr Drilling Ltd (BORR) Top Institutional Holders
202.0 institutions hold shares in Borr Drilling Ltd (BORR), with institutional investors hold 82.06% of the company’s shares. The shares outstanding are 239.31M, and float is at 223.98M with Short Float at 9.57%. Institutions hold 75.41% 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.
