During the last session, ENGlobal Corporation (NASDAQ:ENG)’s traded shares were 0.18 million, with the beta value of the company hitting 1.94. At the end of the trading day, the stock’s price was $1.39, reflecting an intraday gain of 2.21% or $0.03. The 52-week high for the ENG share is $3.65, that puts it down -162.59 from that peak though still a striking 46.04% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $45.56M, and the average intraday trading volume over the past 10 days was 0.14 million shares, and the average trade volume was 147.66K shares over the past three months.
ENGlobal Corporation (ENG) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 2.00. ENG has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.06.
ENGlobal Corporation (NASDAQ:ENG) trade information
ENGlobal Corporation (ENG) registered a 2.21% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.21% in intraday trading to $1.39 this Friday, 08/05/22, hitting a weekly high. The stock’s 5-day price performance is -3.47%, and it has moved by 31.13% in 30 days. Based on these gigs, the overall price performance for the year is -32.85%. The short interest in ENGlobal Corporation (NASDAQ:ENG) is 0.38 million shares and it means that shorts have 3.33 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.50, which implies an increase of 60.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.50 and $3.50 respectively. As a result, ENG is trading at a discount of -151.8% off the target high and -151.8% off the low.
ENGlobal Corporation (ENG) estimates and forecasts
In the rating firms’ projections, revenue will increase 34.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $7.09 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $12.07 million by the end of Sep 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -16.10%. While earnings are projected to return -683.60% in 2022.
ENGlobal Corporation is due to release its next quarterly earnings between November 03 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
ENGlobal Corporation (NASDAQ:ENG)’s Major holders
ENGlobal Corporation insiders own 35.24% of total outstanding shares while institutional holders control 9.24%, with the float percentage being 14.27%. Blackrock Inc. is the largest shareholder of the company, while 32 institutions own stock in it. As of Mar 30, 2022, the company held over 0.88 million shares (or 2.49% of all shares), a total value of $1.14 million in shares.
The next largest institutional holding, with 0.72 million shares, is of Oppenheimer & Close, Inc.’s that is approximately 2.04% of outstanding shares. At the market price on Jun 29, 2022, these shares were valued at $0.68 million.
Also, the Mutual Funds coming in first place with the largest holdings of ENGlobal Corporation (ENG) shares are Vanguard Extended Market Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Mar 30, 2022 indicates that Vanguard Extended Market Index Fund owns about 0.3 million shares. This amounts to just over 0.84 percent of the company’s overall shares, with a $0.38 million market value. The same data shows that the other fund manager holds slightly less at 0.29 million, or about 0.82% of the stock, which is worth about $0.38 million.