Borr Drilling Ltd (NYSE:BORR) shares, rose in value on Thursday, March 27, without any change to the previous day’s close as strong demand from buyers drove the stock to $2.38.
Actively observing the price movement in the last trading, the stock closed the session at $2.38, falling within a range of $2.31 and $2.42. The value of beta (5-year monthly) was 2.687 whereas the PE ratio was 8.03 over 12-month period. Referring to stock’s 52-week performance, its high was $7.26, and the low was $2.08. On the whole, BORR has fluctuated by -10.86% over the past month.
With the market capitalization of Borr Drilling Ltd currently standing at about $582.93 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-18.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.01B, with a low estimate of 217.5M and a high estimate of 243M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 231.17M.
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 PEG ratio is about 1.27, with the price of BORR currently trading nearly 1.97% and -17.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.34, while the 7-day volatility ratio is showing 4.07% which for the 30-day chart, stands at 6.18%. Furthermore, Borr Drilling Ltd (BORR)’s beta value is 2.20, and its average true range (ATR) is 0.15.
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 0.00% in last session, and over the past year, it shrunk by -62.28%%.
Data on historical trading for Borr Drilling Ltd (NYSE:BORR) indicates that the trading volumes over the past 10 days have averaged 3.94 and over the past 3 months, they’ve averaged 5.78 million. According to company’s latest data on outstanding shares, there are 244.93 million shares outstanding.
Nearly 9.62% of Borr Drilling Ltd’s shares belong to company insiders and institutional investors own 87.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.26 million shares as on 2025-03-14, resulting in a short ratio of 2.56. According to the data, the short interest in Borr Drilling Ltd (BORR) stood at 1019.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 18.25 million. The stock has fallen by -38.97% 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.
