While Helix Energy Solutions Group Inc has overperformed by 0.99%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HLX fell by -8.08%, with highs and lows ranging from $13.05 to $8.82, whereas the simple moving average fell by -3.43% in the last 200 days.
On September 19, 2024, Raymond James started tracking Helix Energy Solutions Group Inc (NYSE: HLX) recommending Strong Buy. A report published by BTIG Research on October 26, 2022, Upgraded its rating to ‘Buy’ for HLX. Evercore ISI also Upgraded HLX shares as ‘Outperform’, setting a target price of $8 on the company’s shares in a report dated July 27, 2022. Piper Sandler February 01, 2022d the rating to Overweight on February 01, 2022, and set its price target from $4.50 to $5.60. Piper Sandler July 28, 2021d its ‘Overweight’ rating to ‘Neutral’ for HLX, as published in its report on July 28, 2021. Evercore ISI also rated the stock as ‘In-line’.
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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.
Helix Energy Solutions Group Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and HLX has an average volume of 1.69M. On a monthly basis, the volatility of the stock is set at 3.62%, whereas on a weekly basis, it is put at 3.14%, with a loss of -1.44% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.90, showing growth from the present price of $10.24, 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?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 90.87% 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 90.87% at present.
