Borr Drilling Ltd (NYSE:BORR) price is hovering lower on current market day and dropping -0.27% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $3.66, with intraday deals fluctuating between $3.615 and $3.735. The company’s 5Y monthly beta was ticking 2.496 while its P/E ratio in the trailing 12-month period read 12.08. Taking into account the 52-week price action we note that the stock hit a 52-week high of $7.55 and 52-week low of $3.61. The stock subtracted -12.89% on its value in the past month.
Borr Drilling Ltd, which has a market valuation of $916.83 million, is expected to release its quarterly earnings report in January. The company stock has a Forward Dividend ratio of 0.27, while the dividend yield is 7.40%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 251.28M, with the likely lows of 232.2M and highs of 259.35M. The average estimate suggests sales growth for the quarter will likely rise by 13.91% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 999.27M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 29.51% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give BORR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned BORR a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Borr Drilling Ltd (BORR) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that BORR’s price is at present -6.85% off the SMA20 and -20.23% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 34.62, with weekly volatility standing at 4.01%. The indicator jumps to 4.35% when calculated based on the past 30 days. Borr Drilling Ltd (NYSE:BORR)’s beta value is holding at 2.92, while the average true range (ATR) indicator is currently reading 0.18. Considering analysts have assigned the stock a price target range of $9-$9 as the low and high respectively, we find the trailing 12-month average consensus price target to be $9. Based on this estimate, we see that today’s price at last check is roughly -146.58% off the estimated low and -146.58% off the forecast high. Investors will no doubt be excited to see the share price fall to $9, which is the median consensus price, and at that level BORR would be -146.58% from recent price.
An analysis of the Borr Drilling Ltd (NYSE:BORR) stock in terms of its daily trading volume indicates that the 3-month average is 3.01 million. However, this figure increases on the past 10-day timeline to an average of 3.92 million.
Current records show that the company has 251.18M in outstanding shares. The insiders’ percentage holdings are 6.74% of outstanding shares while the percentage share held by institutions stands at 82.47%. The stats also highlight that short interest as of 2024-11-15, stood at 11.57 million shares, which puts the short ratio at the time at 2.92. From this we can glean that short interest is 624.00 of company’s current outstanding shares. Notably, we see that shares short in November rose slightly given the previous month’s figure stood at 10.33 million. But the -50.07% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
