More To Go Or Is It Over? – Helix Energy Solutions Group Inc (HLX)

Helix Energy Solutions Group Inc (NYSE:HLX) does about 1.78M shares in volume on a normal day but saw 1037563 shares change hands in the recent trading day. The company now has a market cap of 1.80B USD. Its current market price is $11.79, marking a decrease of -1.34% compared to the previous close of $11.95. The 52 week high reached by this stock is $12.29 whilst the lowest price level in 52 weeks is $7.84.

Helix Energy Solutions Group Inc (HLX) has a 20-day trading average at $11.21 and the current price is -4.07% off the 52-week high compared with 50.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.20 and its 200-day simple moving average is $10.36. If we look at the stock’s price movements over the week, volatility stands at 2.35%, which increases to 3.08% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.12 to suggest the stock is neutral.

The consensus objective for the share price is $15.60, suggesting that the stock has a potential upside of 24.42% over the period.

2 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 26, 2022 when BTIG Research upgraded the stock to “Buy” and issued a price target of $10. Evercore ISI also upgraded the stock to “Outperform” from In-line on July 27, 2022 at a price target of $6-$8. Piper Sandler upgraded its price target at $4.50-$5.60.

Helix Energy Solutions Group Inc (HLX) stock is down -1.59% over the week and 14.35% over the past month. Its price is 14.69% year-to-date and 48.68% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 0.05 above consensus estimates by 0.02. The company’s next earnings report forecasts estimating quarterly EPS at 0.13 and 0.27 for whole year. Expected sales for next quarter are $347.52M, which analysts say will come at $1.3B for the current fiscal year and next year at $1.42B. In addition, estimates put the company’s current quarterly revenue at an average of $339.2M.

To reach the target analysts have set, the stock logically needs to grow 24.42 percent from here.

The company has a return on investment of -1.53% and return on equity of -2.15%. The forward price to earnings ratio is 14.09. The beta has a value of 2.45. Price to book ratio is 1.23 and price to sales ratio is 1.35.