Is There More Upside Ahead For Helix Energy Solutions Group Inc (NYSE: HLX)

Helix Energy Solutions Group Inc (HLX) concluded trading on Thursday at a closing price of $11.02, with 10.39 million shares of worth about $114.53 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.26% during that period and on October 03, 2024 the price saw a loss of about -1.34%. Currently the company’s common shares owned by public are about 152.29M shares, out of which, 142.63M shares are available for trading.

Stock saw a price change of 7.62% in past 5 days and over the past one month there was a price change of 7.20%. Year-to-date (YTD), HLX shares are showing a performance of 7.20% which increased to 3.38% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.82 but also hit the highest price of $13.05 during that period. The average intraday trading volume for Helix Energy Solutions Group Inc shares is 1.74 million. The stock is currently trading 8.91% above its 20-day simple moving average (SMA20), while that difference is up 3.91% for SMA50 and it goes to 3.60% higher than SMA200.

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Helix Energy Solutions Group Inc (NYSE: HLX) currently have 152.29M outstanding shares and institutions hold larger chunk of about 90.86% of that.

The stock has a current market capitalization of $1.68B and its 3Y-monthly beta is at 2.41. It has posted earnings per share of -$0.05 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.45. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HLX, volatility over the week remained 6.69% while standing at 4.33% over the month.

Stock’s fiscal year EPS is expected to rise by 645.59% while it is estimated to increase by 105.35% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on September 19, 2024 offering a Strong buy rating for the stock and assigned a target price of $14 to it. Coverage by BTIG Research stated Helix Energy Solutions Group Inc (HLX) stock as a Buy in their note to investors on October 26, 2022, suggesting a price target of $10 for the stock. On July 27, 2022, Evercore ISI Upgrade their recommendations, while on February 01, 2022, Piper Sandler Upgrade their ratings for the stock with a price target of $5.60. Stock get a Neutral rating from Piper Sandler on July 28, 2021.

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