Borr Drilling Limited [NYSE: BORR] stock went on a downward path that fall over -8.33% on Thursday, amounting to a one-week price decrease of less than -5.47%. The company report on February 26, 2021 that Borr Drilling Limited Regains Compliance with NYSE Continued Listing Standard.
Borr Drilling Limited (the “Company”) (NYSE and OSE: BORR), refers to its announcement on September 7, 2020 regarding the written notice received from the New York Stock Exchange (the “NYSE”) that the Company was not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE (the “Continued Listing Standard”) because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days.
The Company has received a letter from the NYSE, confirming that the Company’s average stock price for the 30 trading day period ended February 25, 2021 was above the NYSE’s minimum requirement of $1.00. Accordingly, the Company has regained compliance with the Continued Listing Standard.
Over the last 12 months, BORR stock dropped by -56.21%. The average equity rating for BORR stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $330.30 million, with 272.98 million shares outstanding and 116.47 million shares in the current float. Compared to the average trading volume of 6.48M shares, BORR stock reached a trading volume of 5914499 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Borr Drilling Limited [BORR]:
The Average True Range (ATR) for Borr Drilling Limited is set at 0.14, with the Price to Sales ratio for BORR stock in the period of the last 12 months amounting to 0.97. The Price to Book ratio for the last quarter was 0.10.
BORR Stock Performance Analysis:
Borr Drilling Limited [BORR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.47. With this latest performance, BORR shares gained by 36.58% in over the last four-week period, additionally plugging by 28.72% over the last 6 months – not to mention a drop of -56.21% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BORR stock in for the last two-week period is set at 52.40, with the RSI for the last a single of trading hit 49.26, and the three-weeks RSI is set at 53.85 for Borr Drilling Limited [BORR]. The present Moving Average for the last 50 days of trading for this stock 1.0281, while it was recorded at 1.2800 for the last single week of trading, and 0.8847 for the last 200 days.
Insight into Borr Drilling Limited Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Borr Drilling Limited [BORR] shares currently have an operating margin of -43.64 and a Gross Margin at -28.55. Borr Drilling Limited’s Net Margin is presently recorded at -89.08.
Return on Total Capital for BORR is now -5.15, given the latest momentum, and Return on Invested Capital for the company is -10.51. Return on Equity for this stock declined to -21.27, with Return on Assets sitting at -9.69. When it comes to the capital structure of this company, Borr Drilling Limited [BORR] has a Total Debt to Total Equity ratio set at 132.41. Additionally, BORR Total Debt to Total Capital is recorded at 56.97, with Total Debt to Total Assets ending up at 52.23. Long-Term Debt to Equity for the company is recorded at 132.14, with the Long-Term Debt to Total Capital now at 56.86.
Reflecting on the efficiency of the workforce at the company, Borr Drilling Limited [BORR] managed to generate an average of -$3,774,590 per employee. Receivables Turnover for the company is 3.39 with a Total Asset Turnover recorded at a value of 0.11.
BORR Stock EPS
With the latest financial reports released by the company, Borr Drilling Limited posted -0.63/share EPS, while the average EPS was predicted by analysts to be reported at -0.2/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -215.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BORR.
Borr Drilling Limited [BORR] Insider Position Details
There are presently around $21 million, or 44.69% of BORR stock, in the hands of institutional investors. The top three institutional holders of BORR stocks are: ARTEMIS INVESTMENT MANAGEMENT LLP with ownership of 8,400,147, which is approximately -26.08% of the company’s market cap and around 13.98% of the total institutional ownership; LODBROK CAPITAL LLP, holding 3,582,443 shares of the stock with an approximate value of $4.33 million in BORR stocks shares; and ORBIS ALLAN GRAY LTD, currently with $2.81 million in BORR stock with ownership of nearly -0.057% of the company’s market capitalization.
Positions in Borr Drilling Limited stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 11 institutional holders increased their position in Borr Drilling Limited [NYSE:BORR] by around 5,934,129 shares. Additionally, 17 investors decreased positions by around 10,133,115 shares, while 1 investors held positions by with 1,511,994 shares. The mentioned changes placed institutional holdings at 17,579,238 shares, according to the latest SEC report filing. BORR stock had 5 new institutional investments in for a total of 4,350,283 shares, while 8 institutional investors sold positions of 3,311,489 shares during the same period.