An Important Check-Up On Borr Drilling Ltd (NYSE: BORR)

Borr Drilling Ltd (BORR) concluded trading on 12/14/23 at a closing price of $7.02, with 4.45 million shares of worth about $31.27 million changed hands on the day. Thursday the price saw a gain of about 7.18%. Currently the company’s common shares owned by public are about 228.95M shares, out of which, 217.02M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 0 times over the past 12 months. They bought 0 shares in 0 of the transactions. In 0 selling transactions, insiders dumped 0 shares.

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Orbis SICAV – International Equit, American Funds Small Cap World Fu, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Borr Drilling Ltd Orbis SICAV – International Equit is currently holding 12.27 million shares of worth totaling $76.25 million. The company recently came buying 4.76 million shares which brought its stake up to 4.65% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 5.11 million shares, have now control over 1.93% of the stake in the company. It holds 51271.0 shares of worth $31.72 million.

However, the stock later moved at a day high price of 7.05, or with a gain of 7.18%. Stock saw a price change of 22.09% in past 5 days and over the past one month there was a price change of 11.61%. Year-to-date (YTD), BORR shares are showing a performance of 41.25% which increased to 58.11% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.03 but also hit the highest price of $9.01 during that period. The average intraday trading volume for Borr Drilling Ltd shares is 1.45 million. The stock is currently trading 13.40% above its 20-day simple moving average (SMA20), while that difference is up 9.33% for SMA50 and it goes to -1.42% lower than SMA200.

Borr Drilling Ltd (NYSE: BORR) currently have 228.95M outstanding shares and institutions hold larger chunk of about 57.46% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.

The stock has a current market capitalization of $1.78B and its 3Y-monthly beta is at 2.86. It has posted earnings per share of -$0.12 in the same period. It has Quick Ratio of 0.75 while making debt-to-equity ratio of 1.78. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BORR, volatility over the week remained 4.25% while standing at 4.39% over the month.

Analysts are in expectations that Borr Drilling Ltd (BORR) stock would likely to be making an EPS of $0.07 in the current quarter, while forecast for next quarter EPS is $0.15 and it is $0.91 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.15 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 104.18% while it is estimated to increase by 926.29% in next year.

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