A share price of Helix Energy Solutions Group Inc [HLX] is currently trading at $10.25, up 0.89%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HLX shares have gain 4.59% over the last week, with a monthly amount glided 2.30%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Helix Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) reported a net loss of $28.3 million, or $(0.19) per diluted share, for the fourth quarter 2023 compared to net income of $15.6 million, or $0.10 per diluted share, for the third quarter 2023 and net income of $2.7 million, or $0.02 per diluted share, for the fourth quarter 2022. Net loss in the fourth quarter 2023 includes a net pre-tax loss of approximately $37.3 million, or $(0.25) per diluted share, related to the repurchase of $159.8 million principal amount of our Convertible Senior Notes due 2026 (“2026 Notes”). Helix reported adjusted EBITDA1 of $70.6 million for the fourth quarter 2023 compared to $96.4 million for the third quarter 2023 and $49.2 million for the fourth quarter 2022.
From an analyst’s perspective:
Helix Energy Solutions Group Inc [NYSE: HLX] stock has seen the most recent analyst activity on October 26, 2022, when BTIG Research upgraded its rating to a Buy but kept the price target unchanged to $10 for it. Previously, Evercore ISI upgraded its rating to Outperform on July 27, 2022, and elevated its price target to $8. On February 01, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $5.60 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $4.50 on July 28, 2021. BofA Securities downgraded its rating to a Underperform. Evercore ISI downgraded its rating to In-line for this stock on June 09, 2021. In a note dated April 28, 2021, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $6.25 to $5.
Helix Energy Solutions Group Inc experienced fluctuations in its stock price throughout the past year between $6.18 and $11.88. Helix Energy Solutions Group Inc [NYSE: HLX] shares were valued at $10.25 at the most recent close of the market.
Analyzing the HLX fundamentals
Trailing Twelve Months sales for Helix Energy Solutions Group Inc [NYSE:HLX] were 1.24B which represents 45.17% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.07 points at the first support level, and at 9.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.43, and for the 2nd resistance point, it is at 10.60.
Helix Energy Solutions Group Inc [HLX] reported earnings per share of $0.1 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of -$0.11 and a surprise factor of -52.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.05 per share as compared to estimates of $0.03 per share, a difference of $0.02 representing a surprise of 66.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Helix Energy Solutions Group Inc [NYSE:HLX] is 1.35. In addition, the Quick Ratio stands at 1.35 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 78.12.
Transactions by insiders
Recent insider trading involved Glassman Diana, Director, that happened on Sep 28 when 6800.0 shares were sold. EVP and COO, Sparks Scott Andrew completed a deal on Aug 18 to sell 10000.0 shares. Meanwhile, Director LOVOI JOHN sold 15000.0 shares on Aug 11.
