How to Buy Borr Drilling Stock
Borr Drilling Ltd
Borr Drilling Ltd. engages in the provision of drilling services to the oil and gas exploration and production industry. The firm focuses on acquiring and operating drilling assets.
Borr Drilling stock last closed at $4.51, up 0% from the previous day, and has increased 32.65% in one year. It has overperformed other stocks in the Oil & Gas Drilling industry by 0.27 percentage points. Borr Drilling stock is currently +190.97% from its 52-week low of $1.55, and -3.01% from its 52-week high of $4.65.
There are currently 285.87M BORR shares outstanding. The market capitalization of BORR is $1.29B. In the last 24 hours, 6.93M BORR shares were traded.
How to Buy Borr Drilling Stock
Not sure how to invest in Borr Drilling stock? Here's how.
- Choose where to buy Borr Drilling stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of online stock brokerages and apps to help you figure out where to buy Borr Drilling stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Choose your method of payment and add your information.
- Analyze Borr Drilling stock: The Borr Drilling ticker symbol is BORR. Is Borr Drilling stock a good investment? Should you buy shares of BORR? How do BORR's underlying business fundamentals look? Do top analysts think Borr Drilling is a good buy? Why has BORR's stock price moved recently? (Hint: Our stock market research website can help you understand if BORR is a good stock to buy).
- Make your BORR purchase: Decide if you will purchase BORR shares at the current market price or use a limit order to purchase BORR shares at a given price.
- Keep an eye on your BORR investment: Create a watchlist to key updates about your investment in Borr Drilling stock.
Step 1: Choose where to buy Borr Drilling stock
You will need a brokerage account in order to access the NYSE market and buy BORR shares.
Our preferred brokerage: eToro
We believe that eToro is the best brokerage. Here's why:
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Get $10 towards your share purchase by signing up for an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected the best brokerage, it's time to fill out some personal info so you can invest in BORR today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have created your account on the best stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring funds into your brokerage account.
Step 4: Analyze Borr Drilling stock
Once you have figured out the best place to buy Borr Drilling stock, it's absolutely critical to analyze their stock before you invest, so you can comprehend the risk and upside.
Borr Drilling stock quick numbers
BORR Due Diligence Checks
WallStreetZen was designed to help everyday investors perform better fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on BORR's stock page.
What is the fair value of BORR stock?
Analysts use many financial metrics, analyses, models, and charts to gauge BORR's intrinsic value.
Using relative valuations methods:
- BORR could be overvalued based on its P/E ratio of 15.55x, relative to Oil & Gas Drilling industry P/E ratio of 9.45x
- BORR could be overvalued based on its P/B ratio of 1.13x, relative to Oil & Gas Drilling industry P/B ratio of 0.97x
- BORR may be undervalued based on its PEG ratio of 0.05x
You can access additional valuation analysis on BORR's stock here.
BORR Financials at a glance
Signs that BORR is financially healthy:
- BORR has cash burn of 49300000. It has sufficient cash and short-term investments to cover this for at least one year.
- BORR has $228.80M in cash and short term investments. This is enough to cover its annual cash burn of $49.30M.
- There are more short-term assets than short-term liabilities on the BORR balance sheet.
Signs that BORR is not financially healthy:
- BORR has a relatively high debt to equity ratio of 2.09.
- There are more long-term liabilities than short-term assets on the BORR balance sheet.
- BORR profit margin has gone down from 8.7% to 7.1% in the past year.
- Total BORR debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy BORR stock
Out of 1 sell side analysts who monitor BORR, the consensus analyst rating on Borr Drilling is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Borr Drilling stock forecast page.
Metrics for Advanced BORR Traders
BORR Earnings
Last year, BORR earnings were $72.30M. In the past two year, BORR's earnings have gone up by 438.52% per year. This was faster than the Oil & Gas Drilling industry average of -2.54%.
Last year, BORR revenue was $1.02B. Over the past 5 year, BORR's revenue has increased by 24.67% per year. This was slower than the Oil & Gas Drilling industry average of 39.29%.
You can analyze BORR's earnings and revenue performance here.
Latest Insiders Trades at BORR
Over the past year, insiders at BORR have not bought or sold any shares.
Research more about who owns BORR shares here.
Can I rely on BORR as an income stream?
No, Borr Drilling doesn't provide an income stream by paying out dividends.
BORR Social Trading Data
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your BORR purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, use a limit order.
Click the Open button and eToro will execute the order.
If you need additional help investing in stocks on eToro, click the helpful video below:
Step 6: Keep an eye on your BORR investment
Now that you own some BORR stock, you'll want to keep up with your new investment.
Create a watchlist to keep tabs on your BORR stock.
BORR Feed
How to Buy Stock in Borr Drilling
To summarize, here are the 6 steps to buy Borr Drilling stock:
- Choose where to buy Borr Drilling stock
- Sign up for your brokerage account
- Deposit money your investment account
- Analyze Borr Drilling stock
- Make your BORR purchase
- Keep an eye on your BORR investment
If you require a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Borr Drilling, click below.
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