While Helix Energy Solutions Group Inc has overperformed by 1.40%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HLX fell by -14.18%, with highs and lows ranging from $13.05 to $8.82, whereas the simple moving average fell by -10.63% in the last 200 days.
On October 26, 2022, BTIG Research Upgraded Helix Energy Solutions Group Inc (NYSE: HLX) to Buy. A report published by Evercore ISI on July 27, 2022, Upgraded its rating to ‘Outperform’ for HLX. Piper Sandler also Upgraded HLX shares as ‘Overweight’, setting a target price of $5.60 on the company’s shares in a report dated February 01, 2022. Piper Sandler July 28, 2021d the rating to Neutral on July 28, 2021, and set its price target from $5.30 to $4.50. BofA Securities July 16, 2021d its ‘Neutral’ rating to ‘Underperform’ for HLX, as published in its report on July 16, 2021. BofA Securities also rated the stock as ‘Neutral’.
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Analysis of Helix Energy Solutions Group Inc (HLX)
Further, the quarter-over-quarter increase in sales is 18.13%, showing a positive trend in the upcoming months.
One of the most important indicators of Helix Energy Solutions Group Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -0.45% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and HLX is recording 1.89M average volume. On a monthly basis, the volatility of the stock is set at 3.45%, whereas on a weekly basis, it is put at 4.68%, with a loss of -7.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.12, showing growth from the present price of $9.44, which can serve as yet another indication of whether HLX is worth investing in or should be passed over.
How Do You Analyze Helix Energy Solutions Group Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.19%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 91.91% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HLX shares are owned by institutional investors to the tune of 91.91% at present.
