Borr Drilling Ltd (NYSE:BORR)’s traded shares stood at 2.48 million during the latest session, with the company’s beta value hitting 2.92. At the last check today, the stock’s price was $3.56, to imply a decrease of -4.81% or -$0.18 in intraday trading. The BORR share’s 52-week high remains $7.53, putting it -111.52% down since that peak but still an impressive 7.58% since price per share fell to its 52-week low of $3.29. The company has a valuation of $894.20M, with an average of 3.75 million shares in intraday trading volume over the past 10 days and average of 3.59 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Borr Drilling Ltd (BORR), translating to a mean rating of 1.20. Of 2 analyst(s) looking at the stock, 0 analyst(s) give BORR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.05.
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Borr Drilling Ltd (NYSE:BORR) trade information
After registering a -4.81% downside in the latest session, Borr Drilling Ltd (BORR) has traded red over the past five days. The 5-day price performance for the stock is -2.73%, and -1.66% over 30 days. With these gigs, the year-to-date price performance is -51.30%. Short interest in Borr Drilling Ltd (NYSE:BORR) saw shorts transact 14.49 million shares and set a 3.29 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, BORR has been trading -152.81% off suggested target high and -152.81% from its likely low.
Borr Drilling Ltd (BORR) estimates and forecasts
The rating firms project that company’s revenue will grow 29.31% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 249.35M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 258.97M.Earnings reports from the last fiscal year show that sales brought in 220.6M and 234M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 13.03% before jumping 10.67% in the following quarter.
BORR Dividends
Borr Drilling Ltd has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Borr Drilling Ltd has a forward dividend ratio of 0.27, with the share yield ticking at 7.58% to continue the rising pattern observed over the past year.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
We also have Smallcap World Fund and Fidelity Dividend Growth Fund as the top two Mutual Funds with the largest holdings of the Borr Drilling Ltd (BORR) shares. Going by data provided on Sep 30, 2024 , Smallcap World Fund holds roughly 12.02 shares. This is just over 4.55% of the total shares, with a market valuation of $43.38 million. Data from the same date shows that the other fund manager holds a little less at 6.41, or 2.43% of the shares, all valued at about 23.14 million.
