A better buy-in window may exist right now for Borr Drilling Ltd (BORR)

With 3.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.91 million shares. The 52-week range on BORR shows that it touched its highest point at $8.87 and its lowest point at $5.61 during that stretch. It currently has a 1-year price target of $9.50. Beta for the stock currently stands at 2.95.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BORR was down-trending over the past week, with a drop of -1.58%, but this was up by 0.32% over a month. Three-month performance dropped to -14.34% while six-month performance fell -11.20%. The stock lost -18.23% in the past year, while it has lost -14.34% so far this year. A look at the trailing 12-month EPS for BORR yields 0.07 with Next year EPS estimates of 1.17. For the next quarter, that number is 0.15. This implies an EPS growth rate of 747.71% for this year and 53.50% for next year.

Float and Shares Shorts:

At present, 252.58 million BORR shares are outstanding with a float of 216.40 million shares on hand for trading. On Mar 15, 2024, short shares totaled 8.39 million, which was 3.32% higher than short shares on Feb 15, 2024. In addition to Mr. Patrick Arnold Henk Schorn as the firm’s CEO & Director, Mr. Magnus Vaaler serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 68.36% of BORR’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BORR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.