Helix Energy Solutions Group Inc (NYSE: HLX)’s stock price has plunge by 1.03relation to previous closing price of 10.71. Nevertheless, the company has seen a 4.14% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-06 that Helix Energy (HLX) secures a five-year contract to provide decommissioning services to Talos (TALO) for the latter???s offshore wells and infrastructure in the Gulf of Mexico Shelf.
Is It Worth Investing in Helix Energy Solutions Group Inc (NYSE: HLX) Right Now?
The 36-month beta value for HLX is at 2.50. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for HLX is 142.56M, and currently, shorts hold a 3.82% of that float. The average trading volume for HLX on March 28, 2024 was 1.78M shares.
HLX’s Market Performance
HLX stock saw an increase of 4.14% in the past week, with a monthly gain of 18.77% and a quarterly increase of 1.79%. The volatility ratio for the week is 2.34%, and the volatility levels for the last 30 days are 2.81% for Helix Energy Solutions Group Inc (HLX). The simple moving average for the last 20 days is 10.20% for HLX stock, with a simple moving average of 13.31% for the last 200 days.
Analysts’ Opinion of HLX
Many brokerage firms have already submitted their reports for HLX stocks, with BTIG Research repeating the rating for HLX by listing it as a “Buy.” The predicted price for HLX in the upcoming period, according to BTIG Research is $10 based on the research report published on October 26, 2022 of the previous year 2022.
Evercore ISI, on the other hand, stated in their research note that they expect to see HLX reach a price target of $8, previously predicting the price at $6. The rating they have provided for HLX stocks is “Outperform” according to the report published on July 27th, 2022.
Piper Sandler gave a rating of “Overweight” to HLX, setting the target price at $5.60 in the report published on February 01st of the previous year.
HLX Trading at 11.28% from the 50-Day Moving Average
After a stumble in the market that brought HLX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.88% of loss for the given period.
Volatility was left at 2.81%, however, over the last 30 days, the volatility rate increased by 2.34%, as shares surge +19.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.18% upper at present.
During the last 5 trading sessions, HLX rose by +4.14%, which changed the moving average for the period of 200-days by +48.42% in comparison to the 20-day moving average, which settled at $9.91. In addition, Helix Energy Solutions Group Inc saw 5.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HLX starting from Glassman Diana, who sale 6,800 shares at the price of $11.41 back on Sep 28 ’23. After this action, Glassman Diana now owns 27,990 shares of Helix Energy Solutions Group Inc, valued at $77,588 using the latest closing price.
Sparks Scott Andrew, the EVP and COO of Helix Energy Solutions Group Inc, sale 10,000 shares at $9.53 during a trade that took place back on Aug 18 ’23, which means that Sparks Scott Andrew is holding 163,948 shares at $95,300 based on the most recent closing price.
Stock Fundamentals for HLX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.16 for the gross margin
The net margin for Helix Energy Solutions Group Inc stands at -0.01. The total capital return value is set at 0.03. Equity return is now at value -0.72, with -0.43 for asset returns.
Based on Helix Energy Solutions Group Inc (HLX), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 3.84.
Currently, EBITDA for the company is 270.05 million with net debt to EBITDA at 1.47. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 4.51for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, Helix Energy Solutions Group Inc (HLX) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
