Borr Drilling Ltd (NYSE:BORR) shares, rose in value, with the stock price up by 2.17% to the previous day’s close as strong demand from buyers drove the stock to $3.77.
Actively observing the price movement in the recent trading, the stock is buoying the session at $3.69, falling within a range of $3.715 and $3.958. The value of beta (5-year monthly) is 2.496 whereas the PE ratio is 12.48 over 12-month period. Referring to stock’s 52-week performance, its high was $7.55, and the low was $3.29. On the whole, BORR has fluctuated by -5.28% over the past month.
With the market capitalization of Borr Drilling Ltd currently standing at about $946.95 million, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.27, with its dividend yield at 7.16%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 997.72M, with a low estimate of 232.2M and a high estimate of 259.35M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 249.35M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BORR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of BORR currently trading nearly 0.44% and -12.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.84, while the 7-day volatility ratio is showing 4.86% which for the 30-day chart, stands at 4.67%. Furthermore, Borr Drilling Ltd (BORR)’s beta value is 2.92, and its average true range (ATR) is 0.20.
A comparison of Borr Drilling Ltd (BORR) with its peers suggests the former has fared considerably weaker in the market. BORR showed an intraday change of 2.17% in today’s session so far, and over the past year, it shrunk by -42.05%%.
Data on historical trading for Borr Drilling Ltd (NYSE:BORR) indicates that the trading volumes over the past 10 days have averaged 3.78 and over the past 3 months, they’ve averaged 3.25 million. According to company’s latest data on outstanding shares, there are 251.18 million shares outstanding.
Nearly 6.74% of Borr Drilling Ltd’s shares belong to company insiders and institutional investors own 82.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.49 million shares as on 2024-11-29, resulting in a short ratio of 3.29. According to the data, the short interest in Borr Drilling Ltd (BORR) stood at 792.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 12.44 million. The stock has fallen by -48.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BORR stock heading into the next quarter.
