ENGlobal Corporation [ENG] gain 89.69% so far this year. What now?

ENGlobal Corporation [NASDAQ: ENG] traded at a low on 02/18/21, posting a -12.79 loss after which it closed the day’ session at $6.07. The company report on January 20, 2021 that ENGlobal Issues Update on Progress of Modular Hydrogen Plant and Developing Green Energy Opportunities.

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ENGlobal Corporation (NASDAQ:ENG), a leading provider of engineered modular solutions, issued a progress report on the company’s contract, signed in November 2019, to engineer and fabricate a complete modular hydrogen production facility. This facility, the first of its kind constructed in the U.S., will utilize a hydrogen reforming technology developed by our collaboration partner that consumes 20 percent less feed and fuel gas than that of conventional hydrogen plants, thereby substantially lowering operating costs and the related carbon footprint. In this application the carbon intensity of the hydrogen plant is further lowered by recycling gasses produced by the adjoining renewal diesel unit.

The project, valued at approximately $25 million, remains on schedule and within the company’s estimated cost budget, said ENGlobal. To date, the company has completed the engineering and design phase of the facility and is currently involved in the fabrication phase of its 24 process modules and supporting structure. Thus far, all major components necessary for the module completion have been received and are being installed. Following this step, the modules are expected be tested and shipped to the customer in stages between now and June 1, 2021.

The results of the trading session contributed to over 1505394 shares changing hands. Over the past one week, the price volatility of ENGlobal Corporation stands at 11.16% while the volatility over the past one month is 13.38%.

The market cap for ENG stock reached $177.91 million, with 27.51 million shares outstanding and 12.65 million shares in the current float. Compared to the average trading volume of 4.68M shares, ENG reached a trading volume of 1505394 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 1.05, with the Price to Sales ratio for ENG stock in the period of the last 12 months amounting to 2.56. The Price to Book ratio for the last quarter was 11.67, with the Price to Cash per share for the same quarter was set at 0.43. Price to Free Cash Flow for ENG in the course of the last twelve months was 593.04 with Quick ratio for the last quarter at 2.10.

How has ENG stock performed recently?

ENGlobal Corporation [ENG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -29.83. With this latest performance, ENG shares dropped by -21.98% in over the last four-week period, additionally plugging by 589.77% over the last 6 months – not to mention a rise of 532.29% 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 45.31, with the RSI for the last a single of trading hit 37.22, and the three-weeks RSI is set at 50.27 for ENGlobal Corporation [ENG]. The present Moving Average for the last 50 days of trading for this stock 5.05, while it was recorded at 7.27 for the last single week of trading, and 2.04 for the last 200 days.

ENGlobal Corporation [ENG]: Deeper insight into the 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.

Insider trade positions for ENGlobal Corporation [ENG]

There are presently around $20 million, or 22.70% of ENG stock, in the hands of institutional investors. The top three institutional holders of ENG stocks are: OPPENHEIMER & CLOSE, LLC with ownership of 1,069,400, which is approximately 0.944% of the company’s market cap and around 11.10% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 501,388 shares of the stock with an approximate value of $3.04 million in ENG stocks shares; and SUSQUEHANNA INTERNATIONAL GROUP, LLP, currently with $3.04 million in ENG stock with ownership of nearly New 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 18 institutional holders increased their position in ENGlobal Corporation [NASDAQ:ENG] by around 993,008 shares. Additionally, 10 investors decreased positions by around 1,162,642 shares, while 3 investors held positions by with 1,189,889 shares. The mentioned changes placed institutional holdings at 3,345,539 shares, according to the latest SEC report filing. ENG stock had 10 new institutional investments in for a total of 659,243 shares, while 6 institutional investors sold positions of 803,840 shares during the same period.

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