Helix Energy Solutions Group Inc (NYSE: HLX)’s stock price has dropped by -2.69 in relation to previous closing price of 9.30. Nevertheless, the company has seen a loss of -2.90% in its stock price over the last five trading days. businesswire.com reported 2024-11-08 that HOUSTON–(BUSINESS WIRE)–Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the following upcoming events: TD Securities Energy Conference in New York, New York, at the Westin New York Grand Central on Tuesday, November 19, 2024 Capital One Securities Energy Conference in Houston, Texas, at the Hotel ZaZa Museum District on Tuesday, December 10, 2024 Any investor presentation provided during the events will be publicly available and may be accessed on He.
Is It Worth Investing in Helix Energy Solutions Group Inc (NYSE: HLX) Right Now?
Helix Energy Solutions Group Inc (NYSE: HLX) has a higher price-to-earnings ratio of 239.42x compared to its average ratio, The 36-month beta value for HLX is at 2.45. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for HLX is 143.18M, and currently, shorts hold a 4.92% of that float. The average trading volume for HLX on January 10, 2025 was 1.58M shares.
HLX’s Market Performance
HLX stock saw a decrease of -2.90% in the past week, with a monthly decline of -8.86% and a quarterly a decrease of -14.38%. The volatility ratio for the week is 3.07%, and the volatility levels for the last 30 days are 3.53% for Helix Energy Solutions Group Inc (HLX). The simple moving average for the last 20 days is -2.89% for HLX’s stock, with a simple moving average of -15.48% for the last 200 days.
Analysts’ Opinion of HLX
Raymond James, on the other hand, stated in their research note that they expect to see HLX reach a price target of $14. The rating they have provided for HLX stocks is “Strong Buy” according to the report published on September 19th, 2024.
BTIG Research gave a rating of “Buy” to HLX, setting the target price at $10 in the report published on October 26th of the previous year.
HLX Trading at -8.36% 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 -30.65% of loss for the given period.
Volatility was left at 3.53%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -8.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.10% lower at present.
During the last 5 trading sessions, HLX fell by -2.90%, which changed the moving average for the period of 200-days by -13.81% in comparison to the 20-day moving average, which settled at $9.32. In addition, Helix Energy Solutions Group Inc saw -2.90% 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 Neikirk Kenneth English, who sale 83,991 shares at the price of $9.17 back on Dec 30 ’24. After this action, Neikirk Kenneth English now owns 104,549 shares of Helix Energy Solutions Group Inc, valued at $770,197 using the latest closing price.
Neikirk Kenneth English, the Officer of Helix Energy Solutions Group Inc, proposed sale 51,379 shares at $9.17 during a trade that took place back on Dec 30 ’24, which means that Neikirk Kenneth English is holding shares at $471,140 based on the most recent closing price.
Stock Fundamentals for HLX
Current profitability levels for the company are sitting at:
- 0.09 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 0.05. Equity return is now at value 0.46, with 0.28 for asset returns.
Based on Helix Energy Solutions Group Inc (HLX), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 3.8.
Currently, EBITDA for the company is 192.99 million with net debt to EBITDA at 1.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.29. The receivables turnover for the company is 4.72for 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 2.15.
Conclusion
In conclusion, Helix Energy Solutions Group Inc (HLX) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
