In the latest trading session, 0.86 million Borr Drilling Ltd (NYSE:BORR) shares changed hands as the company’s beta touched 2.65. With the company’s most recent per share price at $3.49 changing hands around $0.12 or 3.56% at last look, the market valuation stands at $860.02M. BORR’s current price is a discount, trading about -108.02% off its 52-week high of $7.26. The share price had its 52-week low at $3.22, which suggests the last value was 7.74% up since then. When we look at Borr Drilling Ltd’s average trading volume, we note the 10-day average is 6.17 million shares, with the 3-month average coming to 4.80 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. Borr Drilling Ltd’s EPS for the current quarter is expected to be 0.1.
Borr Drilling Ltd (NYSE:BORR) trade information
Instantly BORR is in green as seen in intraday trades today. With action 2.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -10.52%, with the 5-day performance at 2.64% in the green. However, in the 30-day time frame, Borr Drilling Ltd (NYSE:BORR) is -13.83% down. Looking at the short shares, we see there were 19.02 million shares sold at short interest cover period of 4.21 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 61.22% 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 -157.88% plunge from its current level, while the stock would need to soar -157.88% for it to hit the projected low.
Borr Drilling Ltd (BORR) estimates and forecasts
Year-over-year growth is forecast to reach 29.30% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 249.3M. 3 analysts are of the opinion that Borr Drilling Ltd’s revenue for the current quarter will be 239.57M. The company’s revenue for the corresponding quarters a year ago was 220.6M and 234M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 13.01%. The estimates for the next quarter sales put growth at 2.38%. The 2025 estimates are for Borr Drilling Ltd earnings to increase by 287.39%.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
Among Mutual Funds, the top two as of Sep 30, 2024 were Smallcap World Fund and iShares Russell 2000 ETF. With 12.02 shares estimated at $41.99 million under it, the former controlled 4.55% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.48% of the shares, roughly 6.54 shares worth around $22.86 million.
