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 $2.72, up 9.68% from the previous day, and has decreased 54.89% in one year. It has underperformed other stocks in the Oil & Gas Drilling industry by 0.28 percentage points. Borr Drilling stock is currently +75.48% from its 52-week low of $1.55, and -59.1% from its 52-week high of $6.65.
There are currently 238.91M BORR shares outstanding. The market capitalization of BORR is $649.83M. In the last 24 hours, 8.41M 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:
- Invest in stocks with 0% commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still invest in the stock.
- Access to world financial markets: From Tech to Financial Services, New York to London (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro boasts a community with more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptos.
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 undervalued based on its P/E ratio of 11.83x, relative to Oil & Gas Drilling industry P/E ratio of -2.09x
- BORR could be undervalued based on its P/B ratio of 0.64x, relative to Oil & Gas Drilling industry P/B ratio of 0.7x
You can do additional valuation analysis on BORR's stock here.
BORR Financial Health Summary
Signs that BORR is financially healthy:
- There are more short-term assets than short-term liabilities on the BORR balance sheet.
Signs that BORR is not financially healthy:
- BORR has cash burn of 226500000. It does not have sufficient cash and short-term investments to cover this.
- BORR has $93.40M in cash and short term investments. This is not enough to cover its annual cash burn of $226.50M.
- Total BORR debt is higher than 5 years ago, relative to shareholder equity.
- BORR has a relatively high debt to equity ratio of 2.31.
- BORR profit margin has gone down from 8.1% to 5.5% in the past year.
- There are more long-term liabilities than short-term assets on the BORR balance sheet.
BORR Momentum
Is BORR Growing Revenue?
Last year, BORR earnings were $54.20M. Over the last one years, BORR's earnings have grown by -25.81% per year. This was slower than the Oil & Gas Drilling industry average of 14.47%.
Last year, BORR revenue was $989.00M. During the last 5 year, BORR's revenue has grown by 20.85% per year. This was slower than the Oil & Gas Drilling industry average of 41.35%.
Find out more about BORR's earnings and revenue performance here.
Latest Insiders Trades at BORR
Over the last year, executives and large shareholders at BORR have not bought or sold any shares.
Learn more about who owns BORR shares here.
Can I get consistent income from BORR stock?
No, Borr Drilling doesn't provide an income stream by paying out dividends.
BORR Social Trading Data
One of the biggest reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Make your BORR purchase
There are two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, place a limit order.
Press the Open button and eToro will execute the order.
If you require additional help with buying stocks on eToro, click the how to 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.
Start a watchlist to get the latest updates about your BORR stock.
BORR Feed
How to Buy Stock in Borr Drilling
To reiterate, here are the 6 steps you need to take to buy Borr Drilling stock right now:
- 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 place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Borr Drilling, create a watchlist on WallStreetZen today.
Trending Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.