Helix Energy Solutions Group Inc. [NYSE:HLX] shares are showing an active tape with a current price of $2.81 on Thursday.
Helix Energy Solutions Group Inc. is in the Energy sector under the Oil & Gas Equipment & Services industry. This week, we are watching the stock hit price per sales of 0.55 with an earning per share of 0.17.
For the year, the stock is trading -70.82% and the five-day change stands at 19.57%. As a point of reference, the S&P 500 is trading 0.79% YTD.
The Price is right
Holding a Market Cap of $416.30 million, Helix Energy Solutions Group Inc. has seen a trading range over the last year of $0.99-$10.00.
For the last five days, HLX is up from its last closing price. The average shares trading hands each day is 2.81M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for HLX. When we apply the Elder Force Index to Helix Energy Solutions Group Inc., we are seeing an Elder Force Indicator number of 592653.88.
In the last quarter, HLX made a profit of 14.19 million. Helix Energy Solutions Group Inc. also saw quarter revenue growth year over year of 1.63%.
Looking at popular technical indicators, the company’s 5-day moving average is 2.57 compared to the 50-day moving average of 5.39%. So, traders might want to tread carefully if they are going to bid.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. HLX currently holds a 9-day RSI of 56.70%, while 100-day RSI stands at 45.63%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. HLX’s 9-day MACD is 0.13 and the company’s 100-day MACD stands at -0.97.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 6.01% by insiders and 97.01% by institutions.
Over the last six months, insiders have bought 210,000 with the most recent transaction from KRATZ OWEN E, PRESIDENT & CEO, with a purchase at price 1.79 per share.
Overall, the recommended rating for HLX is Moderate Buy. Currently, the company has 9 analysts watching the stock, and the average quarterly earnings estimate is 0. Quarterly revenue estimates are averaging 180.09M with the high estimate reaching 202.3M and the low at 165M.