Helix Energy Solutions Group Inc.’s filing revealed that its EVP and COO Sparks Scott Andrew unloaded Company’s shares for reported $0.18 million on Oct 31. In the deal valued at $6.93 per share,26,000 shares were sold. As a result of this transaction, Sparks Scott Andrew now holds 254,870 shares worth roughly $ 1.78 million.
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BTIG Research upgraded its Helix Energy Solutions Group Inc. [HLX] rating to a Buy from a a Neutral in a research note published on Monday. PT values the company’s stock at a premium of 30.0 to its Monday closing price. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in late July from “an In-line” to “an Outperform”. Piper Sandler also remained covering HLX and has increased its forecast on February 01, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on July 28, 2021. It rated HLX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of HLX
On Monday, Helix Energy Solutions Group Inc. [NYSE:HLX] saw its stock jump 2.34% to $7.00. On the same session, the stock had its day’s lowest price of $6.815, but rose to a high of $7.14. Helix Energy Solutions Group Inc. shares have risen nearly 124.36% since the year began. Nevertheless, the stocks have risen 74.13% over the past one year. While a 52-week high of $7.18 was reached on 11/01/22, a 52-week low of $2.47 was recorded on 07/14/22. SMA at 50 days reached $4.77, while 200 days put it at $4.26. A total of 2.64 million shares were traded, compared to the trading of 2.21 million shares in the previous session.
Levels Of Support And Resistance For HLX Stock
The 24-hour chart illustrates a support level at 6.83, which if violated will result in even more drops to 6.66. On the upside, there is a resistance level at 7.15. A further resistance level may holdings at 7.31. The Relative Strength Index (RSI) on the 14-day chart is 81.87, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.47%. Stochastics %K at 88.91% indicates the stock is a selling.
How much short interest is there in Helix Energy Solutions Group Inc.?
A steep rise in short interest was recorded in Helix Energy Solutions Group Inc. stocks on Jul 14, 2022, growing by 0.45 million shares to a total of 8.45 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 8.0 million shares. There was a rise of 5.33%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.14% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.91.
Helix Energy Solutions Group Inc. [HLX] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 23,127,845 shares, or roughly 15.24% of the outstanding HLX shares. In other words, the investor’s shares have risen by 712,096 from its previous 13-F filing of 22415749.0. Additionally, The Vanguard Group, Inc. increased 0.45% of its stake after which the total value it holdings stand at $49,912,703, while Dimensional Fund Advisors LP added 9.17% of its stake to hold $32.57 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -712,778 shares of Helix Energy Solutions Group Inc., while Van Eck Associates Corp. sold -3,088,785 shares. At present, Newton Investment Management Nort is holding 4,044,508 shares valued at $15.61 million. Invesco Advisers, Inc. owned 3,567,653 shares of the company at the time of its most recent 13F filing, worth $13.77 million.
According to FactSet, Helix Energy Solutions Group Inc.’s share price will average $8.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 16.96 percent from its previous closing price of $6.84. Analysts expect Helix Energy Solutions Group Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $4.50. However, 8 analysts have rated HLX stock as an Overweight in their predictions for 2022.