In the latest trading session,, 3.96 million Borr Drilling Ltd (NYSE:BORR) shares changed hands as the company’s beta touched 1.71. With the company’s most recent per share price at $1.82 changed hands at -$0.02 or -1.36% at last look, the market valuation stands at $444.55M. BORR’s current price is a discount, trading about -298.9% off its 52-week high of $7.26. The share price had its 52-week low at $1.62, which suggests the last value was 10.99% up since then. When we look at Borr Drilling Ltd’s average trading volume, we note the 10-day average is 5.9 million shares, with the 3-month average coming to 5.93 million.
Analysts gave the Borr Drilling Ltd (BORR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.22. 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 (NYSE:BORR) trade information
Instantly BORR was in red as seen in intraday trades today. With action -20.74%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -53.46%, with the 5-day performance at -20.74% in the red. However, in the 30-day time frame, Borr Drilling Ltd (NYSE:BORR) is -22.44% down. Looking at the short shares, we see there were 18.26 million shares sold at short interest cover period of 2.56 days.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need an upside of 79.78% 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 -394.51% plunge from its current level, while the stock would need to soar -394.51% for it to hit the projected low.
BORR Dividends
Borr Drilling Ltd is expected to release its next quarterly earnings report on 2025-Feb-18. The 13.22% annual yield figure for the share gives it an annual dividend of 0.24. It is important to note, however, that the 13.22% 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
If we look at who the major shareholders are, we find that insiders hold 7.40% of Borr Drilling Ltd shares while 82.16% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 88.73%. There are 82.16% institutions holding the Borr Drilling Ltd stock share, with CAPITAL INTERNATIONAL INVESTORS the top institutional holder. As of 2024-06-30, the company held 7.0085% of the shares, roughly 17.6 million BORR shares worth $113.37 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.4226% or 13.62 million shares worth $87.86 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were SMALLCAP WORLD FUND INC and Fidelity Securities Fund-Fidelity Dividend Growth Fund . With 12.02 shares estimated at $22.05 million under it, the former controlled 4.91% of total outstanding shares. On the other hand, Fidelity Securities Fund-Fidelity Dividend Growth Fund held about 2.62% of the shares, roughly 6.41 shares worth around $11.76 million.
