Helix Energy Solutions Group Inc (NYSE: HLX)’s stock price has decreased by -0.44 compared to its previous closing price of 8.99. However, the company has seen a -3.76% decrease in its stock price over the last five trading sessions. 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?
The price-to-earnings ratio for Helix Energy Solutions Group Inc (NYSE: HLX) is above average at 236.77x. The 36-month beta value for HLX is also noteworthy at 2.46. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for HLX is 143.18M, and at present, short sellers hold a 5.95% of that float. The average trading volume of HLX on January 16, 2025 was 1.60M shares.
HLX’s Market Performance
HLX’s stock has seen a -3.76% decrease for the week, with a -7.06% drop in the past month and a -15.33% fall in the past quarter. The volatility ratio for the week is 3.86%, and the volatility levels for the past 30 days are at 3.62% for Helix Energy Solutions Group Inc The simple moving average for the last 20 days is -2.28% for HLX stock, with a simple moving average of -16.11% 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 -9.07% 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 -31.42% of loss for the given period.
Volatility was left at 3.62%, however, over the last 30 days, the volatility rate increased by 3.86%, as shares sank -3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.24% lower at present.
During the last 5 trading sessions, HLX fell by -3.76%, which changed the moving average for the period of 200-days by -17.44% in comparison to the 20-day moving average, which settled at $9.16. In addition, Helix Energy Solutions Group Inc saw -3.97% 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 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.43. 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 1.27. 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 summary, Helix Energy Solutions Group Inc (HLX) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
