Helix Energy Solutions Group Inc (NYSE:HLX) saw an upside of 5.07% to $11.70 after adding $0.56 on Wednesday. The 5-day average trading volume is 1,744,959 shares of the company’s common stock. It has gained $11.66 in the past week and touched a new high 4 times within the past 5 days. An average of 2,280,860 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,961,292.
HLX’s 1-month performance is 20.42% or $2.26 on its low of $9.41 reached on 08/28/23. The company’s shares have touched a 52-week low of $3.65 and high of $11.48, with the stock’s rally to the 52-week high happening on 09/27/23. YTD, HLX has achieved 58.60% or $4.27 and has reached a new high 22 times. However, the current price is up 1.96% from the 52-week high price.
Insider Transactions
HLX stock investors last saw insider trading activity on Aug 18.Sparks Scott Andrew (EVP and COO) most recently sold 10,000 shares at $9.53 per share on Aug 18. This transaction cost the insider $95,300. Director, LOVOI JOHN, sold 15,000 shares at a price of $9.69 on Aug 11. Then, on Jun 08, EVP and COO Sparks Scott Andrew sold 20,000 shares at a price of $7.40 per share. This transaction amounted to $148,000.
Valuation Metrics
HLX stock has a beta of 2.73. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.58 while the price-to-book (PB) in the most recent quarter is 1.15, with the price to cash flow ratio at 29.00.
Helix Energy Solutions Group Inc’s quick ratio for the period ended June 29 was 1.24, with the current ratio over the same period at 1.24. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.23, while the total debt to equity was 0.29. In terms of profitability, the gross margin trailing 12 months is 12.61%. 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 518.31% 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 26 September was 73.13% to suggest the stock is trending Overbought, with historical volatility in this time period at 31.52%.
The stock’s 5-day moving average is $11.28, reflecting a +6.24% or $0.68 change from its current price. HLX is currently trading +15.17% above its 20-day SMA, +69.65% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +38.26% and SMA200 by+93.60%.
Stochastic %K and %D was 83.81% and 77.51% and the average true range (ATR) pointed at 0.37. The RSI (14) points at 72.19%, while the 14-day stochastic is at 99.56% with the period’s ATR at 0.36. The stock’s 9-day MACD Oscillator is pointing at 0.30 and 0.34 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.
