Helix Energy Solutions Group Inc (NYSE: HLX): Analyst View Points To Future Growth

Helix Energy Solutions Group Inc (HLX) concluded trading on Thursday at a closing price of $9.25, with 3.97 million shares of worth about $36.76 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -18.07% during that period and on October 24, 2024 the price saw a loss of about -2.84%. Currently the company’s common shares owned by public are about 152.29M shares, out of which, 142.93M shares are available for trading.

Stock saw a price change of -11.40% in past 5 days and over the past one month there was a price change of -8.78%. Year-to-date (YTD), HLX shares are showing a performance of -10.02% which decreased to -11.23% 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 1.94 million. The stock is currently trading -11.83% below its 20-day simple moving average (SMA20), while that difference is down -11.03% for SMA50 and it goes to -13.19% lower 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 90.62% of that.

The stock has a current market capitalization of $1.41B and its 3Y-monthly beta is at 2.42. PE ratio of stock for trailing 12 months is 243.42, while it has posted earnings per share of $0.04 in the same period. It has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.43. 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 4.00% while standing at 4.26% over the month.

Stock’s fiscal year EPS is expected to rise by 644.99% while it is estimated to increase by 109.46% in next year.

Coverage by Raymond James stated Helix Energy Solutions Group Inc (HLX) stock as a Strong buy in their note to investors on September 19, 2024, suggesting a price target of $14 for the stock. On October 26, 2022, BTIG Research Upgrade their recommendations, while on July 27, 2022, Evercore ISI Upgrade their ratings for the stock with a price target of $8. Stock get an Overweight rating from Piper Sandler on February 01, 2022.

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