As of Friday close, Helix Energy Solutions Group Inc.’s (NYSE:HLX) stock was up $0.19, moving up 1.72 percent to $11.22. The average number of shares traded per day over the past five days has been 1,711,040 shares. 4 times new highs have been achieved over the past 5 days, with a $0.49 gain in that time frame. In the last twenty days, the average volume was 2,303,235, while in the previous 50 days, it was 1,955,446.
Since last month, HLX stock rose 18.73%. Shares of the company fell to $9.20 on 08/23/23, the lowest level in the past month. A 52-week high of $11.48 was reached on 09/12/23 after having rallying from a 52-week low of $3.57. Since the beginning of this year, HLX’s stock price has risen by 52.03% or $3.84, and marked a new high 21 times. However, the stock has declined by -2.26% since its 52-week high.
HLX stock investors should be aware that Helix Energy Solutions Group Inc. (HLX) stock had its last reported insider trading activity 36 days ago on Aug 18. Sparks Scott Andrew, the EVP and COO of the company, disposed of 10,000 shares for $9.53 on Aug 18. It resulted in a $95,300 divestment by the insider. LOVOI JOHN sold 15,000 shares at an average price of $9.69 on Aug 11. The insider now owns 340,249 shares following the transaction. On Jun 08, EVP and COO Sparks Scott Andrew sold 20,000 shares at $7.40 apiece. The transaction was valued at $148,000.
Valuation Metrics
The stock’s beta is 2.76. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 1.10, and the price-to-cash flow ratio of 28.02 may also be considered.
Financial Health
In the three months ended June 29, Helix Energy Solutions Group Inc.’s quick ratio stood at 1.30, while its current ratio was 1.30, 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 June 29 was 0.15, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 12.60% percent. In the year ended June 29, EBITDA margin amounted to 13.35%, whereas operating margins totaled 1.70%. 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 -0.90%.
In Helix Energy Solutions Group Inc.’s quarter-end financial report for June 29, it reported total debt of $222.47 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 47.58% to $249.18 million during the quarter, while net income inched up to $308.35 million. While analysts expected Helix Energy Solutions Group Inc. to report $0.03 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated $60.03 million in EBITDA. The liabilities of Helix Energy Solutions Group Inc. were 891.92 million at the end of its most recent quarter ended June 29, and its total debt was $447.81 million. The value of shareholders’ equity is $150.82 million.
Technical Picture
This quick technical analysis looks at Helix Energy Solutions Group Inc.’s (HLX) price momentum. With a historical volatility rate of 24.82%, the RSI 9-day stood at 70.25% on 22 September.
With respect to its five-day moving average, the current Helix Energy Solutions Group Inc. price is up by +4.57% percent or $0.49. At present, HLX shares trade +18.73% above its 20-day simple moving average and +57.36% percent above its 100-day simple moving average. However, the stock is currently trading approximately +36.66% above its SMA50 and +81.55% above its SMA200.
Stochastic coefficient K was 66.38% and Stochastic coefficient D was 61.08%, while ATR was 0.37. Given the Stochastic reading of 73.47% for the 14-day period, the RSI (14) reading has been calculated as 70.26%. As of today, the MACD Oscillator reading stands at 0.15, while the 14-day reading stands at 0.19.
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 Buy by analysts. According to 0 brokerage firms, HLX is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Helix Energy Solutions Group Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $13.50, the current consensus forecast for the stock is $12.00 – $17.00. Based on these forecasts, analysts predict Helix Energy Solutions Group Inc. (HLX) will achieve an average price target of $13.83.
