Helix Energy Solutions Group Inc (NYSE:HLX) finished Friday with a subtraction of -$0.21 to close at $11.17, a downside of -1.85 percent. An average of 2,485,360 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 36 times over the past 12 months. The last 20 days have seen an average of 2,496,130 shares traded, while the 50-day average volume stands at 2,076,628.
HLX stock has increased by 9.62% in the last month. The company shares reached their 1-month lowest point of $10.02 on 08/31/23. With the stock rallying to its 52-week high on 09/27/23, shares of the company touched a low of $3.80 and a high of $11.88 in 52 weeks. It has reached a new high 22 times so far this year and achieved 51.36% or $3.79 in price. In spite of this, the price is down -5.94% 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 2 days ago on Sep 28. In this transaction, the insider spent $77,588. EVP and COO, Sparks Scott Andrew, disposed of 10,000 shares at a price of $9.53 on Aug 18. The insider now owns more than $95,300 worth of shares. Prior to that, Director LOVOI JOHN went on to Sale 15,000 shares at $9.69 each on Aug 11. An amount of $145,350 was transacted.
Valuation Metrics
Helix Energy Solutions Group Inc (HLX) stock’s beta is 2.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.51, the price-to-book (PB) ratio at 1.10, and the price-to-cash flow ratio at 27.67.
Financial Health
The quick ratio of Helix Energy Solutions Group Inc for the three months ended June 29 was 1.24, and the current ratio was 1.24, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.23 and a total debt to equity ratio of 0.29 for the quarter ending June 29. Its gross profit as reported stood at -$44.85 million compared to revenue of $873.1 million.
Earnings Surprise
For the three-month period that ended June 29, Helix Energy Solutions Group Inc had $222.47 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.1 million in the quarter, while revenues of -$5.17 million were grew 518.31%. The analyst consensus anticipated Helix Energy Solutions Group Inc’s latest quarter earnings to come in at $0.03 per share, but it turned out to be $0.05, a 66.70% surprise. For the quarter, EBITDA amounted to $60.03 million. Shareholders own equity worth $150.82 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Helix Energy Solutions Group Inc (HLX) price momentum. RSI 9-day as of the close on 29 September was 55.82%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.60%.
As of today, HLX’s price is $11.33 -0.45% or -$0.05 from its 5-day moving average. HLX is currently trading +10.16% higher than its 20-day SMA and +61.42% higher than its 100-day SMA. However, the stock’s current price level is +33.29% above the SMA50 and +84.93% above the SMA200.
The stochastic %K and %D were 64.67% and 70.97%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 48.29% and the average true range at 0.40, the RSI (14) stands at 59.84%. The stock has reached 0.22 on the 9-day MACD Oscillator while the 14-day reading was at 0.32.
Analyst Ratings
BTIG Research upgraded Helix Energy Solutions Group Inc (NYSE: HLX) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Helix Energy Solutions Group Inc (HLX) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell HLX, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is HLX’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $17.00, with a median target of $13.50. Taking a look at these predictions, the average price target given by analysts for Helix Energy Solutions Group Inc (HLX) stock is $13.83.
