ENGlobal Corporation [NASDAQ:ENG] shares are showing an active tape with a current price of $1.22 on Wednesday.
ENGlobal Corporation is in the Industrials sector under the Engineering & Construction industry. This week, we are watching the stock hit price per sales of 0.52 with an earning per share of 0.04.
For the year, the stock is trading 24.49% and the five-day change stands at 42.03%. As a point of reference, the S&P 500 is trading 1.71% YTD.
The Price is right
Holding a Market Cap of $35.00 million, ENGlobal Corporation has seen a trading range over the last year of $0.46-$1.55.
For the last five days, ENG is up from its last closing price. The average shares trading hands each day is 247.38K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for ENG. When we apply the Elder Force Index to ENGlobal Corporation, we are seeing an Elder Force Indicator number of 3993783.3.
In the last quarter, ENG made a profit of 2.45 million. ENGlobal Corporation also saw quarter revenue growth year over year of 4.54%.
Looking at popular technical indicators, the company’s 5-day moving average is 0.9101 compared to the 50-day moving average of 0.06%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. ENG currently holds a 9-day RSI of 80.08%, while 100-day RSI stands at 53.94%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. ENG’s 9-day MACD is 0.0808 and the company’s 100-day MACD stands at -0.0411.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 43.39% by insiders and 22.26% by institutions. Regarding institutional holdings, Oppenheimer & Close, Inc. owns 3.76%, while the second top holder, Renaissance Technologies, LLC, currently owns 2.70%.
Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.