ENGlobal Corporation [ENG] is 143.13% higher this YTD. Is it still time to buy?

ENGlobal Corporation [NASDAQ: ENG] surged by $0.89 during the normal trading session on Tuesday and reaching a high of $7.88 during the day while it closed the day at $7.78. The company report on December 8, 2020 that ENGlobal Regains NASDAQ Compliance.

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ENGlobal (NASDAQ:ENG), a leading provider of engineered modular solutions, announced that it has received official notification from The Nasdaq Stock Market that the company has regained compliance with the minimum bid price requirement for continued listing on the NASDAQ Capital Market.

This notification, dated December 4, 2020, stated that for the last 10 consecutive business days, from November 19 to December 3, 2020, the closing bid price of the company’s common stock has been at $1.00 per share or greater. Accordingly, the company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this matter is now closed.

ENGlobal Corporation stock has also gained 79.26% of its value over the past 7 days. However, ENG stock has inclined by 741.99% in the 3 months of the year. Over the past six months meanwhile, it has gained 582.52% and gained 143.13% year-on date.

The market cap for ENG stock reached $234.33 million, with 27.51 million shares outstanding and 12.65 million shares in the current float. Compared to the average trading volume of 3.98M shares, ENG reached a trading volume of 2656202 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about ENGlobal Corporation [ENG]:

KeyBanc Capital Mkts have made an estimate for ENGlobal Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 21, 2012. While these analysts kept the previous recommendation, Lazard Capital Mkts dropped their target price from $7 to $6. The new note on the price target was released on March 17, 2009, representing the official price target for ENGlobal Corporation stock. On August 08, 2008, analysts increased their price target for ENG shares from 16 to 20.

The Average True Range (ATR) for ENGlobal Corporation is set at 0.95, with the Price to Sales ratio for ENG stock in the period of the last 12 months amounting to 3.37. The Price to Book ratio for the last quarter was 14.96, with the Price to Cash per share for the same quarter was set at 0.42. Price to Free Cash Flow for ENG in the course of the last twelve months was 781.11 with Quick ratio for the last quarter at 2.10.

ENG stock trade performance evaluation

ENGlobal Corporation [ENG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 79.26. With this latest performance, ENG shares gained by 365.87% in over the last four-week period, additionally plugging by 582.52% over the last 6 months – not to mention a rise of 682.07% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ENG stock in for the last two-week period is set at 78.13, with the RSI for the last a single of trading hit 78.81, and the three-weeks RSI is set at 77.15 for ENGlobal Corporation [ENG]. The present Moving Average for the last 50 days of trading for this stock 2.56, while it was recorded at 7.20 for the last single week of trading, and 1.36 for the last 200 days.

ENGlobal Corporation [ENG]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ENGlobal Corporation [ENG] shares currently have an operating margin of -2.48 and a Gross Margin at +13.33. ENGlobal Corporation’s Net Margin is presently recorded at -2.60.

Return on Total Capital for ENG is now -8.75, given the latest momentum, and Return on Invested Capital for the company is -9.47. Return on Equity for this stock declined to -9.93, with Return on Assets sitting at -5.68. When it comes to the capital structure of this company, ENGlobal Corporation [ENG] has a Total Debt to Total Equity ratio set at 17.82. Additionally, ENG Total Debt to Total Capital is recorded at 15.12, with Total Debt to Total Assets ending up at 8.54. Long-Term Debt to Equity for the company is recorded at 10.40, with the Long-Term Debt to Total Capital now at 8.82.

Reflecting on the efficiency of the workforce at the company, ENGlobal Corporation [ENG] managed to generate an average of -$5,841 per employee. Receivables Turnover for the company is 3.91 with a Total Asset Turnover recorded at a value of 2.19.ENGlobal Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.10 and a Current Ratio set at 2.10.

ENGlobal Corporation [ENG]: Insider Ownership positions

There are presently around $27 million, or 23.70% of ENG stock, in the hands of institutional investors. The top three institutional holders of ENG stocks are: OPPENHEIMER & CLOSE, LLC with ownership of 1,059,400, which is approximately 2.914% of the company’s market cap and around 11.10% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 832,105 shares of the stock with an approximate value of $6.47 million in ENG stocks shares; and ESSEX INVESTMENT MANAGEMENT CO LLC, currently with $4.77 million in ENG stock with ownership of nearly -0.276% of the company’s market capitalization.

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Positions in ENGlobal Corporation stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 12 institutional holders increased their position in ENGlobal Corporation [NASDAQ:ENG] by around 273,694 shares. Additionally, 7 investors decreased positions by around 95,896 shares, while 4 investors held positions by with 3,081,220 shares. The mentioned changes placed institutional holdings at 3,450,810 shares, according to the latest SEC report filing. ENG stock had 4 new institutional investments in for a total of 62,369 shares, while 3 institutional investors sold positions of 68,364 shares during the same period.

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