Currently, there are 251.18M common shares owned by the public and among those 222.59M shares have been available to trade.
The company’s stock has a 5-day price change of -5.56% and -23.12% over the past three months. BORR shares are trading -21.54% year to date (YTD), with the 12-month market performance down to -52.70% lower. It has a 12-month low price of $3.10 and touched a high of $7.26 over the same period. BORR has an average intraday trading volume of 4.82 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.87%, -14.85%, and -40.45% respectively.
Institutional ownership of Borr Drilling Ltd (NYSE: BORR) shares accounts for 82.92% of the company’s 251.18M shares outstanding.
It has a market capitalization of $754.08M and a beta (3y monthly) value of 2.65. The stock’s trailing 12-month PE ratio is 10.13, while the earnings-per-share (ttm) stands at $0.30. The company has a PEG of 0.19 and a Quick Ratio of 1.33 with the debt-to-equity ratio at 2.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.80% over the week and 5.56% over the month.
Earnings per share for the fiscal year are expected to increase by 279.47%, and 17.94% over the next financial year.
Looking at the support for the BORR, a number of firms have released research notes about the stock. Evercore ISI stated their Outperform rating for the stock in a research note on September 13, 2024, with the firm’s price target at $9.
