Currently, there are 239.31M common shares owned by the public and among those 224.12M shares have been available to trade.
The company’s stock has a 5-day price change of -8.49% and -3.48% over the past three months. BORR shares are trading -70.25% year to date (YTD), with the 12-month market performance down to -50.26% lower. It has a 12-month low price of $1.55 and touched a high of $7.09 over the same period. BORR has an average intraday trading volume of 5.55 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 -4.10%, 1.38%, and -36.76% respectively.
Institutional ownership of Borr Drilling Ltd (NYSE: BORR) shares accounts for 80.00% of the company’s 239.31M shares outstanding.
It has a market capitalization of $516.48M and a beta (3y monthly) value of 1.88. The stock’s trailing 12-month PE ratio is 11.36, while the earnings-per-share (ttm) stands at $0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.98% over the week and 5.83% over the month.
Analysts forecast that Borr Drilling Ltd (BORR) will achieve an EPS of 0.1 for the current quarter, 0.1 for the next quarter and -0.02 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.09 while analysts give the company a high EPS estimate of 0.09. Comparatively, EPS for the current quarter was 0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -49.82%, and -90.96% over the next financial year.
Evercore ISI coverage for the Borr Drilling Ltd (BORR) stock in a research note released on September 13, 2024 offered a Outperform rating with a price target of $9.
