The trading price of Borr Drilling Ltd (NYSE:BORR) floating lower at last check on Wednesday, July 17, closing at $6.90, -0.30% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 43.50. In examining the 52-week price action we see that the stock hit a 52-week high of $8.82 and a 52-week low of $5.11. Over the past month, the stock has gained 11.64% in value.
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Borr Drilling Ltd, whose market valuation is $1.75 billion at the time of this writing. The dividend yield on the company stock is 0.71%, while its Forward Dividend ratio is 0.05. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest BORR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 50% Buy.
A quick review shows that BORR’s price is currently 8.18% off the SMA20 and 10.48% off the SMA50. The RSI metric on the 14-day chart is currently showing 65.39, and weekly volatility stands at 3.16%. When measured over the past 30 days, the indicator reaches 2.69%. Borr Drilling Ltd (NYSE:BORR)’s beta value is currently sitting at 3.07, while the Average True Range indicator is currently displaying 0.20.
To see how Borr Drilling Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: BORR stock’s performance was -0.30% at last check in today’s session, and -8.81% in the past year. Borr Drilling Ltd has a P/E ratio of 43.50.
An evaluation of the daily trading volume of Borr Drilling Ltd (NYSE:BORR) indicates that the 3-month average is 1.94 million.
Currently, records show that 252.58 million of the company’s shares remain outstanding. The insiders hold 10.00% of outstanding shares, whereas institutions hold 75.92%. However, since the stock’s price has seen -4.23% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
