Borr Drilling Ltd (NYSE:BORR) traded at $5.40 at last check on Tuesday, April 30, made a downward move of -0.92% on its previous day’s price.
Looking at the stock we see that its previous close was $5.45. The company has a trailing 12-month PE ratio of 76.06. In terms of its 52-week price range, BORR has a high of $8.87 and a low of $5.40. The company’s stock has lost about -11.33% over that past 30 days.
Borr Drilling Ltd has a market cap of $1.36 billion. With its Forward Dividend at 0.00 and a yield of 0.00%, the company’s investors could be anxious for the BORR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.15, with the EPS growth for the year raised at $0.78 for 2024 and $1.02 for next year. These figures represent 766.70% and 30.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $239 million, with a low of $237 million and a high of $241 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $942.5 million, or 22.10% up from figures reported last year.
On the other hand, looking at the outlook for the BORR stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -6.06% off its SMA20 and -12.56% from its 50-day simple moving average. The RSI (14) is pointing at 35.78 while the volatility over the past week is 3.32% and jumps to 4.24% over the past one month. The beta value is 2.97, while the average true range (ATR) is currently pointing at 0.23.
Coming back to Borr Drilling Ltd (NYSE:BORR), we note that the average 3-month trading volume was 2.27 million. Current shares outstanding are 252.58 million.
The insiders hold 10.04% of the company’s shares while institutions hold 73.12%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -25.51% down in year-to-date price movement.
