With 1.18 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.97 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $10.89 whereas the lowest price it dropped to was $10.53. The 52-week range on HLX shows that it touched its highest point at $13.05 and its lowest point at $8.82 during that stretch. It currently has a 1-year price target of $13.88. Beta for the stock currently stands at 2.46.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HLX was up-trending over the past week, with a rise of 3.62%, but this was up by 12.15% over a month. Three-month performance surged to 4.01% while six-month performance fell -4.56%. The stock gained 16.10% in the past year, while it has gained 5.93% so far this year. A look at the trailing 12-month EPS for HLX yields 0.04 with Next year EPS estimates of 0.79. For the next quarter, that number is 0.09. This implies an EPS growth rate of 656.19% for this year and 102.12% for next year.
Float and Shares Shorts:
At present, 152.29 million HLX shares are outstanding with a float of 142.98 million shares on hand for trading. On 2024-10-31, short shares totaled 6.61 million, which was 434.99999999999994 higher than short shares on 1727654400. In addition to Mr. Owen E. Kratz as the firm’s President, CEO & Director, Mr. Scott Andrew Sparks serves as its Executive VP & COO.
Institutional Ownership:
Through their ownership of 0.90235 of HLX’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, HLX reported revenue of $342419000.0 and operating income of $44540000.0. The EBITDA in the recently reported quarter was $90252000.0 and diluted EPS was $0.19.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLX since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HLX analysts setting a high price target of 15.0 and a low target of 12.5, the average target price over the next 12 months is 13.968. Based on these targets, HLX could surge 37.74% to reach the target high and rise by 14.78% to reach the target low. Reaching the average price target will result in a growth of 28.26% from current levels.
Analysts have provided yearly estimates in a range of $0.40109 being high and $0.37859 being low. For HLX, this leads to a yearly average estimate of $0.38933. The surprise factor in the prior quarter was $0.2. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.09.
