With 2.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.18 million shares. The 52-week range on HLX shows that it touched its highest point at $13.05 and its lowest point at $5.66 during that stretch. It currently has a 1-year price target of $11.88. Beta for the stock currently stands at 1.63.
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 7.02%, but this was up by 12.21% over a month. Three-month performance dropped to -16.33% while six-month performance fell -27.22%. The stock lost -40.88% in the past year, while it has lost -28.00% so far this year. A look at the trailing 12-month EPS for HLX yields 0.55 with Next year EPS estimates of 0.74. For the next quarter, that number is 0.11. This implies an EPS growth rate of 39.42% for this year and 47.03% for next year. EPS is expected to grow by 39.15% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -1.27%.
Float and Shares Shorts:
At present, 151.53 million HLX shares are outstanding with a float of 141.42 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.39594 being high and $0.36297 being low. For HLX, this leads to a yearly average estimate of $0.38148. Based on analyst estimates, the high estimate for the next quarter is $0.32 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.25.
