In the last trading session, 1,030,000,000 shares of the Helix Energy Solutions Group, Inc. (NYSE:HLX) were traded, and its beta was 3.53. Most recently the company’s share price was $5.04, and it changed around $0.06 or 0.01% from the last close, which brings the market valuation of the company to $759.6 Million. HLX currently trades at a discount to its 52-week high of $6.76, offering almost -34.13% off that amount. The share price’s 52-week low was $1, which indicates that the current value has risen by an impressive 80.16% since then. We note from Helix Energy Solutions Group, Inc.’s average daily trading volume that its 10-day average is 1.86 Million shares, with the 3-month average coming to 2.38 Million.
Helix Energy Solutions Group, Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 1.9. If we narrow it down even further, the data shows that none out of 8 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 2 recommended HLX as a Hold, whereas 6 deemed it a Buy, and no one rated it as Underweight. Helix Energy Solutions Group, Inc. is expected to report earnings per share of -$0.06 for the current quarter.
Helix Energy Solutions Group, Inc. (NYSE:HLX): Trading Information
Instantly HLX has showed a green trend with a performance of 1.2% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $5.28- on Monday, Apr 05 increased the stock’s daily price by 4.55%. The company’s shares are currently up 0.2% year-to-date, but still up 0.0392 over the last five days. On the other hand, Helix Energy Solutions Group, Inc. (NYSE:HLX) is -0.14% down in the 30-day period. We can see from the shorts that 10.63 Million shares have been sold at a short interest cover period of 4.47 day (s).
The consensus price target as assigned by Wall Street analysts is $6.38, which translates to bears needing to increase their stock price by 26.59% from its current value. Analyst projections state that HLX is forecast to be at a low of $5 and a high of $8. In order for the stock price to hit the forecast high, the stock would need to surge +58.73% from its current level, while the stock would need to crash -0.79% from its current level to reach the projected low.
Helix Energy Solutions Group, Inc. (HLX) projections and forecasts
Helix Energy Solutions Group, Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +111.76 percent over the past six months and at a -284.62% annual growth rate that is well below the industry average of 24.2%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +33.3% in revenue this quarter, and will report a decline of -250% in the next quarter. The year-over-year growth rate is expected to be -8.8%, down from the previous year.
Consensus estimates provided by 7 financial analysts predict the company will bring in an average of $164.07 Million in revenue for the current quarter. 7 analysts expect Helix Energy Solutions Group, Inc. to make $171.49 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $181.02 Million and $175.26 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -9.4%. Forecasts for the next quarter put sales growth at -2.2%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 15.1%. Helix Energy Solutions Group, Inc. earnings are expected to decrease by -79% in 2021, but the outlook is negative 0% per year for the next five years.
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Helix Energy Solutions Group, Inc. (NYSE:HLX)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 6.06% of Helix Energy Solutions Group, Inc. shares, and 90.78% of them are in the hands of institutional investors. The stock currently has a share float of 96.64%. Helix Energy Solutions Group, Inc. stock is held by 243 institutions, with Blackrock Inc. being the largest institutional investor. By Dec 30, 2020, it held 15.12% of the shares, which is about 22.79 Million shares worth $95.71 Million.
Vanguard Group, Inc. (The), with 9.19% or 13.85 Million shares worth $58.16 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
iShares Core S&P Smallcap ETF and Victory Portfolios-Sycamore Small Company Opportunity Fund were the top two Mutual Funds as of Feb 27, 2021. The former held 9452670 shares worth $46.32 Million, making up 6.27% of all outstanding shares. On the other hand, Victory Portfolios-Sycamore Small Company Opportunity Fund held roughly 6.04 Million shares worth around $24.89 Million, which represents about 4.01% of the total shares outstanding.