Helix Energy Solutions Group Inc. (NYSE:HLX) saw a downside of -0.10% to close Monday at $9.56 after subtracting -$0.01 on the day. The 5-day average trading volume is 1,768,940 shares of the company’s common stock. It has gained $9.67 in the past week and touched a new high 2 times within the past 5 days. An average of 1,870,585 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,656,290.
HLX’s 1-month performance is 20.55% or $1.63 on its low of $7.84 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.57 and high of $10.03, with the stock’s rally to the 52-week high happening on 07/31/23. YTD, HLX has achieved 29.54% or $2.18 and has reached a new high 13 times. However, the current price is down -4.73% from the 52-week high price.
Insider Transactions
HLX stock investors last saw insider trading activity on Jun 08.Sparks Scott Andrew (EVP and COO) most recently sold 20,000 shares at $7.40 per share on Jun 08. This transaction cost the insider $148,000. EVP and COO, Sparks Scott Andrew, sold 75,000 shares at a price of $8.44 on Feb 27. Then, on Oct 31, EVP and COO Sparks Scott Andrew sold 26,000 shares at a price of $6.93 per share. This transaction amounted to $180,180.
Valuation Metrics
HLX stock has a beta of 2.81. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.28 while the price-to-book (PB) in the most recent quarter is 0.94, with the price to cash flow ratio at 23.40.
Helix Energy Solutions Group Inc.’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.15, while the total debt to equity was 0.17. In terms of profitability, the gross margin trailing 12 months is 12.60%. The trailing 12-month EBITDA margin is 13.35% while for the period ending June 29, Helix Energy Solutions Group Inc.’s operating margin was 1.70%. The firm’s gross profit as reported stood at -$44.85 million against revenue of $873.1 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 691.97% to $7.1 million, while revenue of -$5.17 million was 172.82% off the previous quarter. Analysts expected HLX to announce $0.03 per share in earnings in its latest quarter, but it posted $0.05, representing a 66.70% surprise. EBITDA for the quarter stood at more than $60.03 million. HLX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 891.92 million, with total debt at $447.81 million. Shareholders hold equity totaling $150.82 million.
Let’s look briefly at Helix Energy Solutions Group Inc. (HLX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 79.69% to suggest the stock is trending Overbought, with historical volatility in this time period at 42.15%.
The stock’s 5-day moving average is $9.52, reflecting a -0.42% or -$0.04 change from its current price. HLX is currently trading +19.50% above its 20-day SMA, +23.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +40.18% and SMA200 by+115.32%.
Stochastic %K and %D was 73.99% and 72.73% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 78.81%, while the 14-day stochastic is at 73.61% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at 0.13 and 0.49 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Helix Energy Solutions Group Inc. (NYSE: HLX), BTIG Research upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for HLX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate HLX as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.
What is HLX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.00 and a high of $14.00, with their median price target at $12.50. Looking at these predictions, the average price target given by analysts is for Helix Energy Solutions Group Inc. (HLX) stock is $12.17.
