While Helix Energy Solutions Group Inc has underperformed by -1.69%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HLX fell by -5.98%, with highs and lows ranging from $13.05 to $8.82, whereas the simple moving average fell by -12.90% in the last 200 days.
On October 24, 2024, BTIG Research Downgraded Helix Energy Solutions Group Inc (NYSE: HLX) to Neutral. A report published by Raymond James on September 19, 2024, Initiated its previous ‘Strong Buy’ rating for HLX. BTIG Research also Upgraded HLX shares as ‘Buy’, setting a target price of $10 on the company’s shares in a report dated October 26, 2022. Evercore ISI July 27, 2022d the rating to Outperform on July 27, 2022, and set its price target from $6 to $8. Piper Sandler February 01, 2022d its ‘Neutral’ rating to ‘Overweight’ for HLX, as published in its report on February 01, 2022. Piper Sandler’s report from July 28, 2021 suggests a price prediction of $4.50 for HLX shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Underperform’.
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Analysis of Helix Energy Solutions Group Inc (HLX)
Further, the quarter-over-quarter decrease in sales is -13.46%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Helix Energy Solutions Group Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 0.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.15, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and HLX is recording an average volume of 1.95M. On a monthly basis, the volatility of the stock is set at 3.98%, whereas on a weekly basis, it is put at 4.50%, with a loss of -4.43% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.12, showing growth from the present price of $9.28, 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?
A leading company in the Oil & Gas Equipment & Services sector, Helix Energy Solutions Group Inc (HLX) is based in the USA. When comparing Helix Energy Solutions Group Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 245.50, there is a growth in quarterly earnings of 88.33%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 6.00%. 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 90.63% 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 90.63% at present.
