As of Friday close, Helix Energy Solutions Group Inc.’s (NYSE:HLX) stock was down -$0.18, moving down -2.44 percent to $7.21. The average number of shares traded per day over the past five days has been 3,223,520 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.66 fall in that time frame. In the last twenty days, the average volume was 2,558,665, while in the previous 50 days, it was 2,036,986.
Since last month, HLX stock retreated -9.76%. Shares of the company fell to $6.98 on 03/16/23, the lowest level in the past month. A 52-week high of $9.16 was reached on 02/21/23 after having rallying from a 52-week low of $2.47. Since the beginning of this year, HLX’s stock price has dropped by -2.30% or -$0.17, and marked a new high 11 times. However, the stock has declined by -21.29% since its 52-week high.
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Sponsored
HLX stock investors should be aware that Helix Energy Solutions Group Inc. (HLX) stock had its last reported insider trading activity 19 days ago on Feb 27. Sparks Scott Andrew, the EVP and COO of the company, disposed of 75,000 shares for $8.44 on Feb 27. It resulted in a $633,000 divestment by the insider. Sparks Scott Andrew sold 26,000 shares at an average price of $6.93 on Oct 31. The insider now owns 254,870 shares following the transaction.
Valuation Metrics
The stock’s beta is 2.80. Besides these, the trailing price-to-sales (P/S) ratio of 1.28, the price-to-book (PB) ratio of 0.72, and the price-to-cash flow ratio of 63.28 may also be considered.
Financial Health
In the three months ended December 30, Helix Energy Solutions Group Inc.’s quick ratio stood at 1.50, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.15, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 5.80% percent. In the year ended December 30, operating margins totaled -5.10%. Based on annual data, HLX earned -$44.85 million in gross profit and brought in $873.1 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -3.20%. Return on equity (ROE) for the past 12 months was -5.70%.
In Helix Energy Solutions Group Inc.’s quarter-end financial report for December 30, it reported total debt of $225.88 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HLX’s revenue rose 52.4% to $162.61 million during the quarter, while net income inched up to $379.65 million. While analysts expected Helix Energy Solutions Group Inc. to report $0 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated $35.56 million in EBITDA. The liabilities of Helix Energy Solutions Group Inc. were 872.63 million at the end of its most recent quarter ended December 30, and its total debt was $469.68 million. The value of shareholders’ equity is $152.15 million.
Technical Picture
This quick technical analysis looks at Helix Energy Solutions Group Inc.’s (HLX) price momentum. With a historical volatility rate of 36.62%, the RSI 9-day stood at 29.61% on 17 March.
With respect to its five-day moving average, the current Helix Energy Solutions Group Inc. price is down by -8.39% percent or -$0.66. At present, HLX shares trade -9.65% below its 20-day simple moving average and +52.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.74% above its SMA50 and +55.39% above its SMA200.
Stochastic coefficient K was 14.50% and Stochastic coefficient D was 15.53%, while ATR was 0.43. Given the Stochastic reading of 12.37% for the 14-day period, the RSI (14) reading has been calculated as 36.71%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.74.
Analyst Ratings
BTIG Research upgraded its rating on Helix Energy Solutions Group Inc. (NYSE: HLX) to a Buy in a note to investors on October 26, 2022. The analysts firm previously had a Neutral rating on the stock.Helix Energy Solutions Group Inc. (HLX) has been rated Overweight by analysts. According to 0 brokerage firms, HLX is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Helix Energy Solutions Group Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $8.25 – $12.00. Based on these forecasts, analysts predict Helix Energy Solutions Group Inc. (HLX) will achieve an average price target of $10.71.