ENGlobal Corporation (ENG) Stock: Seeing Gains In Today’s Session

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ENGlobal Corporation (ENG) is making a move up in the market in today’s trading session. The stock, one that is focused in the service sector, is currently priced at $1.10 after gaining 29.19% so far today. In terms of service sector companies, there are quite a few aspects that have the potential to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories relating to ENG:

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Nov-08-19 07:00AM ENGlobal Signs $20 Million-Plus Contract to Supply Modular Hydrogen Plant for Renewable Diesel Facility
Sep-11-19 01:37PM Does The ENGlobal Corporation (NASDAQ:ENG) Share Price Fall With The Market?
Sep-03-19 08:55AM ENGlobal Receives $6 Million Extension to Contract Award, $275 Million in Pending Proposals Await Customer Decisions
Aug-15-19 05:52PM Houston-based specialty engineering co. dodges delisting
Aug-13-19 09:15AM ENGlobal Reports Improved Results for Second Quarter 2019

Nonetheless, any time investors are making a decision with regard to investing, investors should look at much more than just news, this is especially the case in the ever incredibly complex service space. Here’s what’s happening with ENGlobal Corporation.

Returns That ENG Investors Have Seen

While a single session gain, like what we’re seeing from ENGlobal Corporation may lead to fear in some investors, that alone should not be the reason for a decision to, or not to, invest in a company. It is always important to look at trends experienced by the stock just a single trading day. In the case of ENG, here are the returns that we’ve seen:

  • Past Seven Days – In the past 5 trading sessions, ENG has seen a price change in the amount of -5.24%.
  • Past 30 Days – The performance from ENGlobal Corporation over the last 30 days works out to -17.48%.
  • Past Quarter – Throughout the past 3 months, the stock has produced a return on investment that works out to -28.57%
  • Past 6 Months – Throughout the previous six months, we have seen a performance that equates to 8.97% from the company.
  • YTD – Since the open of this year ENG has produced a return of 49.10%.
  • Annually – Lastly, throughout the past full year, we have seen performance that works out to -2.73% from ENG. Over this period, the stock has traded at a high of -17.44% and a low price of 128.77%.

Key Ratios

Looking at various ratios associated with a company generally gives prospective traders an understanding of how dangerous and/or potentially profitable a an investment option might be. Here are some of the important ratios to consider when digging into ENG.

Short Ratio – The short ratio is a measure of short interest. As the short ratio heads up, it shows that more investors are expecting that the value of the stock is headed for the top. Across the sector, strong service stocks tend to carry a lower short ratio. However, we also tend to see quite a few short squeezes in the industry. Nonetheless, in relation to ENGlobal Corporation, it’s short ratio comes to 0.43.

Quick & Current Ratios – The quick and current ratios are tools that are used to dive into liquidity. Basically, they measure If a company is able to cover its debts when they mature based on current assets or quick assets. come with great current and quick ratios. As it relates to ENG, the quick and current ratios come to 0 and 2.20 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the current book value of assets owned by the company. In this case, that ratio comes in at 0.51.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the price of shares. In the case of ENG, the cash to share value comes to 0.39.

Big Money And ENGlobal Corporation

One thing I have come to understand in my brief period as an intelligence has been that smart money tends to follow big money players. In other words, investors that are trying to keep their investments relatively safe will keep an eye on investments made by institutional investors and insiders. So, is big money flowing in regard to ENG? Here’s the scoop:

Institutions own 22.90% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 45.46% percent of ENG shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions Of ENGlobal Corporation

Although it’s never a good idea to avoid doing your due diligence and blindly following the thoughts of analysts, it is a good idea to consider their thoughts in order to validate your own due diligence before making investment decisions in the service sector. Below you’ll find the recent moves that we have seen from analysts with regard 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 47.70% and revenue has seen movement of -2.20%.

How Many Shares Of ENG Are Available?

Investors and traders tend to be interested in the total numbers of shares both available and outstanding. In regard to ENGlobal Corporation, there are currently 25.63M and there is a float of 12.98M. This means that of the total of 25.63M shares of ENG in existence today, 12.98M are available to be traded in the public space.

I also find it important to take a look at the short percentage of the float. After all, if a large percentage of the float available for trading is shorted, the overall opinion in the market is that the company is going to fall. With regard to ENG, the percentage of the float that is currently being sold short sits at 0.08%. Most investors would say that a high short percent of the float would be considered to be anything over 40%. However, I’ve found that anything over 26% is likely a risky play.

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