Look For Institutional Buying In Borr Drilling Ltd (NYSE: BORR)

Borr Drilling Ltd (BORR) concluded trading on Wednesday at a closing price of $4.41, with 5.61 million shares of worth about $24.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.18% during that period and on November 06, 2024 the price saw a gain of about 5.25%. Currently the company’s common shares owned by public are about 252.58M shares, out of which, 233.75M shares are available for trading.

Stock saw a price change of 6.52% in past 5 days and over the past one month there was a price change of -16.95%. Year-to-date (YTD), BORR shares are showing a performance of -37.76% which decreased to -26.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.04 but also hit the highest price of $7.32 during that period. The average intraday trading volume for Borr Drilling Ltd shares is 2.14 million. The stock is currently trading -6.66% below its 20-day simple moving average (SMA20), while that difference is down -15.63% for SMA50 and it goes to -25.21% lower than SMA200.

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Borr Drilling Ltd (NYSE: BORR) currently have 252.58M outstanding shares and institutions hold larger chunk of about 83.45% of that.

The stock has a current market capitalization of $12.79B and its 3Y-monthly beta is at 3.03. PE ratio of stock for trailing 12 months is 16.62, while it has posted earnings per share of $0.27 in the same period. It has Quick Ratio of 1.47 while making debt-to-equity ratio of 1.85. 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 3.54% while standing at 3.38% over the month.

Stock’s fiscal year EPS is expected to rise by 386.96% while it is estimated to increase by 81.90% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on September 13, 2024 offering an Outperform rating for the stock and assigned a target price of $9 to it.

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