The trading price of Borr Drilling Ltd (NYSE:BORR) floating lower at last check on Monday, April 01, closing at $6.19, -9.62% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 87.20, while its 5Y monthly beta was 2.51. In examining the 52-week price action we see that the stock hit a 52-week high of $8.87 and a 52-week low of $5.61. Over the past month, the stock has gained 3.71% in value.
Borr Drilling Ltd, whose market valuation is $1.56 billion at the time of this writing. The dividend yield on the company stock is 0.00%, while its Forward Dividend ratio is 0.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.16 per share this quarter, however they have predicted annual earnings per share of $0.85 for 2024 and $1.23 for 2025. It means analysts are expecting annual earnings per share growth of 844.40% this year and 44.70% next year.
Analysts have forecast the company to bring in revenue of $239 million for the current quarter, with the likely lows of $237 million and highs of $241 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $956 million. The company’s revenue is forecast to grow by 23.90% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Borr Drilling Ltd No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BORR has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that BORR’s price is currently -6.06% off the SMA20 and -4.31% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.96, and weekly volatility stands at 3.61%. When measured over the past 30 days, the indicator reaches 3.19%. Borr Drilling Ltd (NYSE:BORR)’s beta value is currently sitting at 2.92, while the Average True Range indicator is currently displaying 0.29.
To see how Borr Drilling Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: BORR stock’s performance was -9.62% at last check in today’s session, and -19.62% in the past year. Borr Drilling Ltd has a P/E ratio of 87.20.
An evaluation of the daily trading volume of Borr Drilling Ltd (NYSE:BORR) indicates that the 3-month average is 1.82 million. However, this figure has increased over the past 10 days to an average of 1.75 million.
Currently, records show that 252.58 million of the company’s shares remain outstanding. The insiders hold 14.32% of outstanding shares, whereas institutions hold 61.65%. The stats also highlight that short interest as of Mar 15, 2024, stood at 8.39 million shares, resulting in a short ratio of 4.32 at that time. From this, we can conclude that short interest is 3.32% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 9.42 million. However, since the stock’s price has seen -14.59% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
