Borr Drilling Ltd (NYSE: BORR) is -42.05% 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 $2.19 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $2.26, the stock is 20.86% and 22.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.43 million and changing 3.20% at the moment leaves the stock -34.12% off its SMA200. BORR registered -65.76% loss for a year compared to 6-month loss of -40.05%.
The stock witnessed a 20.21% gain in the last 1 month and extending the period to 3 months gives it a 0.44%, and is 17.10% 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 4.20% over the week and 4.17% over the month.
Borr Drilling Ltd (BORR) has around 2719 employees, a market worth around $540.84M and $993.20M in sales. Current P/E ratio is 13.24 and Fwd P/E is 85.22. Profit margin for the company is 5.11%. Distance from 52-week low is 45.81% and -68.12% 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
The shares outstanding are 239.31M, and float is at 223.98M with Short Float at 9.18%.
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.
