HLX has 36-month beta value of 2.41. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for HLX is 142.93M, and currently, short sellers hold a 4.60% ratio of that float. The average trading volume of HLX on October 23, 2024 was 1.93M shares.
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HLX) stock’s latest price update
Helix Energy Solutions Group Inc (NYSE: HLX) has seen a decline in its stock price by -2.90 in relation to its previous close of 10.00. However, the company has experienced a -4.43% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-10-11 that HOUSTON–(BUSINESS WIRE)–Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its third quarter 2024 results on Wednesday, October 23, 2024, after the close of business. The press release and associated presentation will be available on Helix’s website, www.helixesg.com. Helix will review its third quarter 2024 results on Thursday, October 24, 2024, at 9:00 a.m. Central Time via a teleconference and webcast. Investors and other interested parties wishing to parti.
HLX’s Market Performance
Helix Energy Solutions Group Inc (HLX) has seen a -4.43% fall in stock performance for the week, with a -5.18% decline in the past month and a -22.51% plunge in the past quarter. The volatility ratio for the week is 2.79%, and the volatility levels for the past 30 days are at 3.95% for HLX. The simple moving average for the last 20 days is -8.15% for HLX stock, with a simple moving average of -8.88% for the last 200 days.
Analysts’ Opinion of HLX
Many brokerage firms have already submitted their reports for HLX stocks, with Raymond James repeating the rating for HLX by listing it as a “Strong Buy.” The predicted price for HLX in the upcoming period, according to Raymond James is $14 based on the research report published on September 19, 2024 of the current year 2024.
BTIG Research, on the other hand, stated in their research note that they expect to see HLX reach a price target of $10. The rating they have provided for HLX stocks is “Buy” according to the report published on October 26th, 2022.
Evercore ISI gave a rating of “Outperform” to HLX, setting the target price at $8 in the report published on July 27th of the previous year.
HLX Trading at -6.95% 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 -25.59% of loss for the given period.
Volatility was left at 3.95%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -5.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.27% lower at present.
During the last 5 trading sessions, HLX fell by -4.43%, which changed the moving average for the period of 200-days by +0.94% in comparison to the 20-day moving average, which settled at $10.57. In addition, Helix Energy Solutions Group Inc saw -5.54% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HLX starting from KRATZ OWEN E, who sale 298,419 shares at the price of $11.92 back on Oct 03 ’24. After this action, KRATZ OWEN E now owns 7,171,860 shares of Helix Energy Solutions Group Inc, valued at $3,558,199 using the latest closing price.
KRATZ OWEN E, the Officer of Helix Energy Solutions Group Inc, proposed sale 298,419 shares at $11.92 during a trade that took place back on Oct 03 ’24, which means that KRATZ OWEN E is holding shares at $3,558,204 based on the most recent closing price.
Stock Fundamentals for HLX
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.16 for the gross margin
The net margin for Helix Energy Solutions Group Inc stands at -0.0. The total capital return value is set at 0.05. Equity return is now at value -0.45, with -0.27 for asset returns.
Based on Helix Energy Solutions Group Inc (HLX), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 4.07.
Currently, EBITDA for the company is 270.05 million with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of 1.35. The receivables turnover for the company is 4.74for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.00.
Conclusion
To put it simply, Helix Energy Solutions Group Inc (HLX) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
