In the latest trading session, 1.18 million Borr Drilling Ltd (NYSE:BORR) shares changed hands as the company’s beta touched 2.99. With the company’s most recent per share price at $4.84 changed hands at -$0.23 or -4.44% at last look, the market valuation stands at $1.21B. BORR’s current price is a discount, trading about -51.24% off its 52-week high of $7.32. The share price had its 52-week low at $5.03, which suggests the last value was -3.93% down since then. When we look at Borr Drilling Ltd’s average trading volume, we note the 10-day average is 2.06 million shares, with the 3-month average coming to 1.84 million.
Analysts gave the Borr Drilling Ltd (BORR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.20. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended BORR as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
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Borr Drilling Ltd (NYSE:BORR) trade information
Instantly BORR was in red as seen in intraday trades today. With action -5.00%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -31.62%, with the 5-day performance at -5.00% in the red. However, in the 30-day time frame, Borr Drilling Ltd (NYSE:BORR) is -14.40% down. Looking at the short shares, we see there were 10.15 million shares sold at short interest cover period of 5.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 46.22% from its recent market value. According to analyst projections, BORR’s forecast low is 9 with 9 as the target high. To hit the forecast high, the stock’s price needs a -85.95% plunge from its current level, while the stock would need to soar -85.95% for it to hit the projected low.
Borr Drilling Ltd (BORR) estimates and forecasts
The 2024 estimates are for Borr Drilling Ltd earnings to increase by 456.67%.
BORR Dividends
Borr Drilling Ltd is expected to release its next quarterly earnings report on 2024-Nov-06. The 1.00% annual yield figure for the share gives it an annual dividend of 0.05. It is important to note, however, that the 1.00% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
Among Mutual Funds, the top two as of Jun 30, 2024 were Smallcap World Fund and Fidelity Dividend Growth Fund. With 12.02 shares estimated at $58.09 million under it, the former controlled 4.55% of total outstanding shares. On the other hand, Fidelity Dividend Growth Fund held about 2.43% of the shares, roughly 6.41 shares worth around $30.99 million.
