ENGlobal Corporation (NASDAQ:ENG) has a beta value of 2.28 and has seen 0.33 million shares traded in the last trading session. The company, currently valued at $74.80M, closed the last trade at $2.10 per share which meant it lost -$0.03 on the day or -1.41% during that session. The ENG stock price is -347.62% off its 52-week high price of $9.40 and 67.14% above the 52-week low of $0.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.48 million shares traded. The 3-month trading volume is 2.28 million shares.
ENGlobal Corporation (NASDAQ:ENG) trade information
Sporting -1.41% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the ENG stock price touched $2.10 or saw a rise of 6.25%. Year-to-date, ENGlobal Corporation shares have moved -34.38%, while the 5-day performance has seen it change -3.23%. Over the past 30 days, the shares of ENGlobal Corporation (NASDAQ:ENG) have changed 1.45%. Short interest in the company has seen 1.39 million shares shorted with days to cover at 1.06.
Wall Street analysts have a consensus price target for the stock at $3.50, which means that the shares’ value could jump 40.0% from current levels. The projected low price target is $3.50 while the price target rests at a high of $3.50. In that case, then, we find that the current price level is -66.67% off the targeted high while a plunge would see the stock gain -66.67% from current levels.
ENGlobal Corporation (ENG) estimates and forecasts
The company’s shares have lost -48.91% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.60% over the past 5 years.
ENGlobal Corporation is expected to release its next earnings report between November 03 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
ENGlobal Corporation (NASDAQ:ENG)’s Major holders
Insiders own 38.17% of the company shares, while shares held by institutions stand at 36.80% with a share float percentage of 59.52%. Investors are also buoyed by the number of investors in a company, with ENGlobal Corporation having a total of 42 institutions that hold shares in the company. The top two institutional holders are Oppenheimer & Close, Inc. with over 1.11 million shares worth more than $3.38 million. As of Jun 29, 2021, Oppenheimer & Close, Inc. held 3.17% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 0.94 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $2.85 million and represent 2.68% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Mar 30, 2021, the former fund manager holds about 0.99% shares in the company for having 0.35 million shares of worth $1.57 million while later fund manager owns 0.19 million shares of worth $0.86 million as of Mar 30, 2021, which makes it owner of about 0.54% of company’s outstanding stock.