Some Investing Thoughts On Borr Drilling Ltd (NYSE: BORR)

Borr Drilling Ltd (BORR) concluded trading on Wednesday at a closing price of $3.77, with 4.57 million shares of worth about $17.24 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -40.72% during that period and on December 18, 2024 the price saw a loss of about -1.05%. Currently the company’s common shares owned by public are about 251.18M shares, out of which, 234.26M shares are available for trading.

Stock saw a price change of -2.33% in past 5 days and over the past one month there was a price change of -6.68%. Year-to-date (YTD), BORR shares are showing a performance of -48.43% which decreased to -47.13% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.29 but also hit the highest price of $7.55 during that period. The average intraday trading volume for Borr Drilling Ltd shares is 3.35 million. The stock is currently trading 1.22% above its 20-day simple moving average (SMA20), while that difference is down -10.42% for SMA50 and it goes to -33.19% lower than SMA200.

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Borr Drilling Ltd (NYSE: BORR) currently have 251.18M outstanding shares and institutions hold larger chunk of about 81.64% of that.

The stock has a current market capitalization of $946.95M and its 3Y-monthly beta is at 2.92. PE ratio of stock for trailing 12 months is 12.48, while it has posted earnings per share of $0.30 in the same period. It has Quick Ratio of 1.33 while making debt-to-equity ratio of 2.02. 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 5.39% while standing at 4.95% over the month.

Stock’s fiscal year EPS is expected to rise by 339.94% while it is estimated to increase by 82.88% 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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