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Could Borr Drilling Limited (BORR)’s Current Volatility Hinder Its Future Potential?

Borr Drilling Limited (NYSE:BORR) has seen 1.64 million shares traded in the recent trading session. The company, currently valued at $1.30B, closed the recent trade at $5.54 per share which meant it lost -$0.15 on the day or -2.64% during that session. The BORR stock price is -25.63% off its 52-week high price of $6.96 and 66.79% above the 52-week low of $1.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.01 million shares traded. The 3-month trading volume is 1.13 million shares.

Borr Drilling Limited (NYSE:BORR) trade information

Sporting -2.64% in the red today, the stock has traded in the red over the last five days, with the highest price hit on Tuesday, 01/24/23 when the BORR stock price touched $5.54 or saw a rise of 8.13%. Year-to-date, Borr Drilling Limited shares have moved 14.49%, while the 5-day performance has seen it change -5.17%. Over the past 30 days, the shares of Borr Drilling Limited (NYSE:BORR) have changed 21.06%. Short interest in the company has seen 6.56 million shares shorted with days to cover at 3.62.

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Borr Drilling Limited (BORR) estimates and forecasts

The company’s shares have gained 81.79% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 71.50%.

1 analysts offering their estimates for the company have set an average revenue estimate of $106.8 million for the current quarter. 1 have an estimated revenue figure of $130.5 million for the next quarter concluding in Dec 2022. Year-ago sales stood $73 million and $69.1 million respectively for this quarter and the next, and analysts expect sales will grow by 46.30% for the current quarter and 88.90% for the next.

BORR Dividends

Borr Drilling Limited is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Borr Drilling Limited (NYSE:BORR)’s Major holders

Insiders own 3.30% of the company shares, while shares held by institutions stand at 40.69% with a share float percentage of 42.08%. Investors are also buoyed by the number of investors in a company, with Borr Drilling Limited having a total of 123 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 6.7 million shares worth more than $30.87 million. As of Jun 29, 2022, Blackrock Inc. held 2.92% of shares outstanding.

The other major institutional holder is State Street Corporation, with the holding of over 1.75 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $8.09 million and represent 0.77% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and iShares Russell 2000 Value ETF. As of Sep 29, 2022, the former fund manager holds about 1.84% shares in the company for having 4.22 million shares of worth $14.0 million while later fund manager owns 1.07 million shares of worth $3.57 million as of Sep 29, 2022, which makes it owner of about 0.47% of company’s outstanding stock.

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