Extremely important negative changes in investment behavior have recently occurred for Helix Energy Solutions Group Inc (NYSE: HLX): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Helix Energy Solutions Group Inc (NYSE: HLX). Important negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
HLX is expected to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Helix Energy Solutions Group has a current Value Trend Rating of C (High Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Helix Energy Solutions Group has a good Appreciation Score of 76 but a slightly negative Power Rating of 40, producing the High Neutral Value Trend Rating.
Recent Price Action
Helix Energy Solutions Group Inc (NYSE: HLX) stock declined slightly by -0.10% on 6/7/24. The stock closed at $10.30. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -9.6% during the last week.
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