In last trading session, ENGlobal Corporation (NASDAQ:ENG) saw 1,496,351 shares changing hands with its beta currently measuring 1.42. Company’s recent per share price level of $0.96 trading at $0.04 or 3.91% at ring of the bell on the day assigns it a market valuation of $26.21 Million. That closing price of ENG’s stock is at a discount of -61.46% from its 52-week high price of $1.55 and is indicating a premium of 52.08% from its 52-week low price of $0.46. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.56 Million shares which gives us an average trading volume of 543.63 Million if we extend that period to 3-months.
For ENGlobal Corporation (ENG), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 0. Splitting up the data highlights that, out of 1 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas none see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0 in the current quarter.
ENGlobal Corporation (NASDAQ:ENG) trade information
Upright in the green today for gaining 3.91%, in the last five days ENG remained trading in the green while hitting it’s week-highest on Friday, Oct 09 when the stock touched $1.16 price level, adding 17.59% to its value on the day. ENGlobal Corporation’s shares saw a change of -2.45% in year-to-date performance and have moved -11.48% in past 5-day. ENGlobal Corporation (NASDAQ:ENG) showed a performance of 13.81% in past 30-days. Number of shares sold short was 12.83 Million shares which calculate 0.02 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $3.5 to the stock, which implies a rise of 264.58% to its current value. Analysts have been projecting $3.5 as a low price target for the stock while placing it at a high target of $3.5. It follows that stock’s current price would jump +264.58% in reaching the projected high whereas dropping to the targeted low would mean a loss of 264.58% for stock’s current value.
ENGlobal Corporation (ENG) estimates and forecasts
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -17.6% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 74.1% while estimates for its earnings growth in next 5 years are of 0%
ENGlobal Corporation (NASDAQ:ENG)’s Major holders
Insiders are in possession of 43.39% of company’s total shares while institution are holding 22.26% percent of that, with stock having share float percentage of 39.33%. Investors also watch the number of corporate investors in a company very closely, which is 25 institutions for ENGlobal Corporation that are currently holding shares of the company. Oppenheimer & Close, Inc. is the top institutional holder at ENG for having 1.03 Million shares of worth $1.06 Million. And as of June 29, 2020, it was holding 3.76% of the company’s outstanding shares.
The second largest institutional holder is Renaissance Technologies, LLC, which was holding about 740.31 Thousand shares on June 29, 2020. The number of shares represents firm’s hold over 2.7% of outstanding shares, having a total worth of $762.52 Thousand.
On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of June 29, 2020, the former fund manager was holding 172651 shares of worth $177.83 Thousand or 0.63% of the total outstanding shares. The later fund manager was in possession of 48.61 Thousand shares on July 30, 2020, making its stake of worth around $62.22 Thousand in the company or a holder of 0.18% of company’s stock.