Helix Energy Solutions Group Inc.’s recently made public that its EVP and COO Sparks Scott Andrew unloaded Company’s shares for reported $95300.0 on Aug 18. In the deal valued at $9.53 per share,10,000 shares were sold. As a result of this transaction, Sparks Scott Andrew now holds 163,948 shares worth roughly $ 1.74 million.
Then, LOVOI JOHN sold 15,000 shares, generating $145,350 in total proceeds. Upon selling the shares at $9.69, the Director now owns 340,249 shares.
Before that, Sparks Scott Andrew sold 20,000 shares. Helix Energy Solutions Group Inc. shares valued at $148,000 were divested by the EVP and COO at a price of $7.40 per share. As a result of the transaction, Sparks Scott Andrew now holds 173,948 shares, worth roughly $1.85 million.
BTIG Research upgraded its Helix Energy Solutions Group Inc. [HLX] rating to a Buy from a a Neutral in a research note published on Tuesday. PT values the company’s stock at a premium of -6.3 to its Tuesday closing price.
Price Performance Review of HLX
On Tuesday, Helix Energy Solutions Group Inc. [NYSE:HLX] saw its stock jump 1.53% to $10.63. On the same session, the stock had its day’s lowest price of $10.55, but rose to a high of $10.86. Over the last five days, the stock has gained 9.36%. Helix Energy Solutions Group Inc. shares have risen nearly 44.04% since the year began. Nevertheless, the stocks have risen 155.53% over the past one year. While a 52-week high of $10.60 was reached on 09/05/23, a 52-week low of $3.57 was recorded on 05/31/23. SMA at 50 days reached $8.89, while 200 days put it at $7.67. A total of 2.49 million shares were traded, compared to the trading of 1.79 million shares in the previous session.
Levels Of Support And Resistance For HLX Stock
The 24-hour chart illustrates a support level at 10.50, which if violated will result in even more drops to 10.37. On the upside, there is a resistance level at 10.81. A further resistance level may holdings at 10.99. The Relative Strength Index (RSI) on the 14-day chart is 79.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.65%. Stochastics %K at 89.51% 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 Aug 14, 2023, growing by 1.3 million shares to a total of 8.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.25 million shares. There was a rise of 15.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.44.
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 22,245,011 shares, or roughly 14.75% of the outstanding HLX shares. In other words, the investor’s shares have fallen by -354,561 from its previous 13-F filing of 22599572.0. Additionally, The Vanguard Group, Inc. decreased -2.40% of its stake after which the total value it holdings stand at $127,204,262, while Dimensional Fund Advisors LP added 3.43% of its stake to hold $95.53 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -554,816 shares of Helix Energy Solutions Group Inc., while Assenagon Asset Management SA sold -276,489 shares. At present, Van Eck Associates Corp. is holding 4,026,031 shares valued at $38.65 million. Invesco Advisers, Inc. owned 3,220,586 shares of the company at the time of its most recent 13F filing, worth $30.92 million.
According to FactSet, Helix Energy Solutions Group Inc.’s share price will average $13.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 28.94 percent from its previous closing price of $10.47. Analysts expect Helix Energy Solutions Group Inc. stock to reach the higher price of $15.00, while the lowest price estimate is $12.00. However, 7 analysts have rated HLX stock as a Buy in their predictions for 2023.