Borr Drilling Ltd (NYSE:BORR) price on Friday, November 15, fall -4.59% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.95.
A look at the stock’s price movement, the close in the last trading session was $4.14, moving within a range at $3.92 and $4.185. The beta value (5-Year monthly) was 2.496 while the PE ratio in trailing twelve months stood at 13.07. Turning to its 52-week performance, $7.55 and $3.76 were the 52-week high and 52-week low respectively. Overall, BORR moved -24.18% over the past month.
Borr Drilling Ltd’s market cap currently stands at around $11.60 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-20.
Analysts have a consensus estimate of 251.28M for the company’s revenue for the quarter, with a low and high estimate of 232.2M and 259.35M respectively. The average forecast suggests up to a 13.91% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 999.27M, representing a 29.51% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BORR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend BORR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BORR’s current price about -8.18% and -20.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.30, while 7-day volatility ratio is 4.37% and 4.24% in the 30-day chart. Further, Borr Drilling Ltd (BORR) has a beta value of 3.00, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $9, forecast between a low of $9 and high of $9. Looking at the price targets, the low is -127.85% off current price level while to achieve the yearly target high, price needs to move -127.85%. Nonetheless, investors will most likely welcome a -127.85% jump to $9 which is the analysts’ median price.
If we refocus on Borr Drilling Ltd (NYSE:BORR), historical trading data shows that trading volumes averaged 4.66 over the past 10 days and 2.54 million over the past 3 months. The company’s latest data on shares outstanding shows there are 252.58 million shares.
The 6.74% of Borr Drilling Ltd’s shares are in the hands of company insiders while institutional holders own 84.37% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12.44 million on 2024-10-31, giving us a short ratio of 4.74. The data shows that as of 2024-10-31 short interest in Borr Drilling Ltd (BORR) stood at 671.0000000000001 of shares outstanding, with shares short rising to 10.15 million registered in 2024-09-30. Current price change has pushed the stock -45.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BORR stock continues to rise going into the next quarter.
