ENGlobal Corporation (NASDAQ: ENG) is -37.87% lower on its value in year-to-date trading and has touched a low of $0.75 and a high of $2.53 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ENG stock was last observed hovering at around $0.82 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.82, the stock is -16.44% and -27.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.26 million and changing 0.01% at the moment leaves the stock -34.04% off its SMA200. ENG registered -60.38% loss for a year compared to 6-month gain of -22.27%.
The stock witnessed a -22.63% loss in the last 1 month and extending the period to 3 months gives it a -49.38%, and is -17.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 11.72% over the week and 9.18% over the month.
ENGlobal Corporation (ENG) has around 198 employees, a market worth around $30.75M and $38.70M in sales. Fwd P/E is 3.42. Profit margin for the company is -29.30%. Distance from 52-week low is 9.33% and -67.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-28.30%).
ENGlobal Corporation (ENG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for ENGlobal Corporation (ENG) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
ENGlobal Corporation is expected to release its quarterly report on 03/09/2023.The EPS is expected to shrink by -683.60% this year
ENGlobal Corporation (ENG) Top Institutional Holders
The shares outstanding are 35.80M, and float is at 26.39M with Short Float at 0.69%.
ENGlobal Corporation (ENG) Insider Activity
A total of 3 insider transactions have happened at ENGlobal Corporation (ENG) in the last six months, with sales accounting for 0 and purchases happening 3 times.
ENGlobal Corporation (ENG): Who are the competitors?
The company’s main competitors (and peers) include MYR Group Inc. (MYRG) that is trading -19.38% down over the past 12 months and Huntsman Corporation (HUN) that is -13.95% lower over the same period. AECOM (ACM) is 12.23% up on the 1-year trading charts.