ENGlobal Corporation (ENG) Stock: Here’s Why It’s Gaining In Value

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ENGlobal Corporation (ENG) is climbing in the market in today’s trading session. The company, one that is focused on the service space, is currently trading at $1.22 after heading up 4.27% so far today. When it comes to service stocks, there are a number of aspects that have the potential to generate gains in the market. One of the most common is news. Here are the recent headlines surrounding ENG:

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Aug-02-19 08:16AM After facing financial difficulties, ENGlobal is set to make a comeback
Jul-30-19 09:33AM Houston specialty engineering CEO: Reverse stock split is last resort for curing exchange woes
Jul-26-19 09:42AM CEO: Houston industrial engineering firm nears payoff for strategic shift
Jul-25-19 03:53PM Houston-based industrial engineering firm to hire this year
Jul-16-19 09:29AM ENGlobal Appoints Former Honeywell UOP Exec Michael Clark to Vice President of Business Development

Nonetheless, when making an investing decision, prospective investors should look into far more than just news, especially in the ever highly complex service industry. Here’s what’s happing when it comes to ENGlobal Corporation.

How ENG Has Been Trending

While a gain in a single session, like what we’re seeing from ENGlobal Corporation might make some investors upset, that by itself shouldn’t be the basis of a decision to, or not to, invest in a company. It is always smart to take a look at trends experienced by the stock for a period longer than a single session. In the case of ENG, below are the movements that we have seen:

  • Past 7 Days – In the past five trading sessions, ENG has produced a price change amounting to 13.59%.
  • Monthly – The ROI from ENGlobal Corporation in the past month works out to 18.42%.
  • Past Quarter – Throughout the last quarter, the company has generated a ROI that comes to 49.04%
  • Bi-Annually – Over the previous six months, we have seen a performance that equates to 48.95% from the company.
  • Year To Date – Since the open of this year ENG has produced a return on investment of 105.23%.
  • Full Year – Lastly, over the past full year, investors have seen movement that works out to -7.14% from ENG. Throughout this period, the stock has traded at a high of -5.43% and a low price of 154.17%.

Rations That You Should Consider

Digging into a few key ratios having to do with a company can provide investors a view of how dangerous and/or potentially profitable a stock pick may be. Below are a few of the key ratios to look at when looking at ENG.

Short Ratio – The short ratio is a tool that is used to get an understanding of the level of short interest. As the short ratio heads up, it shows that more investors believe that the stock is headed for the top. In general, strong service stocks tend to come with a lower short ratio. However, we tend to see quite a few short squeezes in the space. Nonetheless, with regard to ENGlobal Corporation, the stock’s short ratio is 0.93.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure the company’s abilities to cover its debts when they come due with only quick assets or current assets. do have strong current and quick ratios. When it comes to ENG, the quick and current ratios add up to 0 and 2.50 respectively.  

Book To Share Value – The book to share value ratio compares the current book value of assets owned by the company to the share price of the stock. as it relates to ENGlobal Corporation, the book to share value ratio is 0.53.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. As it relates to ENG, the cash to share value comes to 0.29.

What Are Big Money Players Doing With ENGlobal Corporation

One thing that I have come to understand in my brief period alive, or somewhat alive has been that good investors tend to follow the moves made by big money investors. That is to say, investors that want to keep the risk down will keep their eyes on trades made by institutions as well as insiders. With that said, is big money flowing in regard to ENG? Here’s what’s going on:

Institutions own 24.10% of the company. Institutional interest has moved by 0.36% over the past three months. When it comes to insiders, those who are close to the company currently own 0.20% percent of ENG shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions Of ENGlobal Corporation

While it’s not a smart idea to avoid doing your DD and blindly following the thoughts of analysts, it is a smart idea to consider their analysis when validating your own due diligence when it comes to making an investment decision in the service industry. Below you’ll find the most recent moves that we have seen from analysts when it comes to ENG.

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Aug-21-12 Downgrade KeyBanc Capital Mkts Buy → Hold
Mar-17-09 Reiterated Lazard Capital Mkts Buy $7 → $6
Sep-26-08 Initiated KeyBanc Capital Mkts Hold
Aug-08-08 Reiterated Lazard Capital Buy $16 → $20
Aug-08-08 Reiterated Jesup & Lamont Buy $14.50 → $17

What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, ENG has generated revenue in the amount of $-20.40% with earnings coming in at -19.70%. On a quarter over quarter basis, earnings have seen movement of 18.60% and revenue has seen movement of -7.60%.

Interested In How Many Shares Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 25.18M shares of ENGlobal Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ENG has a float of 12.96M.

I also find it important to pay attention to the short percent. Think about it, if a large percentage of the float is sold short, the overall feeling among investors is that the equity is headed for a deep dive. As far as ENG, the short percentage of the float totals up to 0.20%. Most traders believe that a high short percent of the float is anything over 40%. In my research, I have found that a short ratio over 26% is likely a risky play.

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