How Helix Energy Solutions Group Inc. (HLX) Works From A Technical Perspective


Helix Energy Solutions Group Inc. (NYSE:HLX) finished Wednesday with a subtraction of -$0.12 to close at $4.26, a downside of -2.74 percent. An average of 2,092,860 shares of common stock have been traded in the last five days. There was a fall of -$0.35 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 1,882,745 shares traded, while the 50-day average volume stands at 2,072,410.

HLX stock has increased by 5.19% in the last month. The company shares reached their 1-month lowest point of $3.95 on 08/22/22. With the stock rallying to its 52-week high on 03/08/22, shares of the company touched a low of $2.47 and a high of $5.78 in 52 weeks. It has reached a new high 17 times so far this year and achieved 36.54% or $1.14 in price. In spite of this, the price is down -26.30% from the 52-week high.

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Valuation Metrics

Helix Energy Solutions Group Inc. (HLX) stock’s beta is 2.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.98, the price-to-book (PB) ratio at 0.42, and the price-to-cash flow ratio at 31.66.

Financial Health

The quick ratio of Helix Energy Solutions Group Inc. for the three months ended June 29 was 2.10, and the current ratio was 2.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.17 for the quarter ending June 29. Its gross profit as reported stood at -$48.69 million compared to revenue of $674.73 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Helix Energy Solutions Group Inc.’s return on assets was -5.10%.

Earnings Surprise

For the three-month period that ended June 29, Helix Energy Solutions Group Inc. had $258.98 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$29.7 million in the quarter, while revenues were grew 53.84%. The analyst consensus anticipated Helix Energy Solutions Group Inc.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be -$0.14, a 12.50% surprise. For the quarter, EBITDA amounted to $14.75 million. Shareholders own equity worth $151.73 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Helix Energy Solutions Group Inc. (HLX) price momentum. RSI 9-day as of the close on 21 September was 44.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.12%.

As of today, HLX’s price is $4.43 -7.59% or -$0.35 from its 5-day moving average. HLX is currently trading -0.23% lower than its 20-day SMA and -0.23% lower than its 100-day SMA. However, the stock’s current price level is +57.20% above the SMA50 and +36.98% above the SMA200.

The stochastic %K and %D were 55.66% and 68.71%, respectively, and the average true range (ATR) was 0.25. With the 14-day stochastic at 34.86% and the average true range at 0.25, the RSI (14) stands at 49.94%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

Evercore ISI upgraded Helix Energy Solutions Group Inc. (NYSE: HLX) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as an In-line.


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