The stock of Helix Energy Solutions Group Inc. (NYSE:HLX) decreased by -$0.22 on Tuesday to finish at $9.24, down -2.33 percent. The last five days have seen an average of 1,707,480 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $1.86. The average number of shares traded over the last 20 days was 1,954,015, while the average volume over the last 50 days totaled 1,655,594.
HLX stock appreciated 11.59% since last month. On 07/17/23, the company’s shares reached a one-month low of $8.04. The stock touched a high of $10.14 on 08/09/23, after rallying from a low of $3.57 in 52 weeks. The price of HLX stock has risen by 25.20% or $1.86 this year, reaching a new high 14 times. Still, the stock price is down -8.88% from the 52-week high.
Insider Transactions
HLX stock investors should be aware that Helix Energy Solutions Group Inc. (HLX) stock had its last reported insider trading activity 5 days ago on Aug 11. On Aug 11, Director LOVOI JOHN sold 15,000 shares at $9.69 each. This transaction resulted in the insider making $145,350. On Jun 08, Sparks Scott Andrew sold 20,000 shares at a price of US$7.40. After the transaction, the insider now owns 173,948 shares. EVP and COO Sparks Scott Andrew had earlier sold 75,000 shares on Feb 27 for $8.44 a share. The transaction was completed for $633,000.
Valuation Metrics
Beta for the stock is 2.81. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.25, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 22.76.
Financial Health
For the three months ended June 29, Helix Energy Solutions Group Inc.’s quick ratio was 1.30, while its current ratio was 1.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.15, and the total debt to equity ratio is 0.17. As far as profitability goes, gross margin for the trailing twelve months is 12.60% percent. Helix Energy Solutions Group Inc.’s EBITDA margin for the year ended June 29 was 13.35%, whereas its operating margin stood at 1.70% for the same period. Based on annual data, it had gross profit of -$44.85 million and revenue of $873.1 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HLX’s return on assets (ROA) during the last 12 months has been -0.60%. There was a -3.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -0.90%.
Earnings Surprise
According to Helix Energy Solutions Group Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $308.82 million, while revenues rose by 51.39% to $250.08 million. It was predicted that Helix Energy Solutions Group Inc.’s quarterly earnings would be $0.05, but it ended up being $0.03, beating the consensus by 66.70%. EBITDA was $60.03 million for the quarter. At the end of Helix Energy Solutions Group Inc.’s most recent quarter ended June 29, its liabilities totaled 891.92 million, while its total debt was $447.81 million. Equity owned by shareholders amounts to $150.82 million.
Technical Picture
Here’s a quick look at Helix Energy Solutions Group Inc.’s (HLX) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 48.77%, suggesting the stock is Neutral, with a 21.12% historical volatility rate.
The stochastic %K and %D were 49.52% and 65.31% respectively, while the average true range (ATR) was 0.32. Based on the 14-day stochastic reading of 12.62%, the RSI (14) reading is 58.93%. On the 9-day MACD Oscillator, the stock is at -0.10, and the 14-day reading is at -0.08.
Analyst Ratings
In its most recent analyst report, BTIG Research raised its rating on Helix Energy Solutions Group Inc. (NYSE: HLX) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Helix Energy Solutions Group Inc. (HLX) an Buy rating. HLX is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is HLX’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $14.00, with a median target price of $12.50. In analyzing these forecasts, the average price target given by analysts for Helix Energy Solutions Group Inc. (HLX) is $12.17.
