ENGlobal Corporation (NASDAQ:ENG) shares fell to a low of $1.81 before closing at $2.27. Intraday shares traded counted 6.21 million, which was -170.01% lower than its 30-day average trading volume of 2.30M. ENG’s previous close was $1.81 while the outstanding shares total 27.51M. The firm has a beta of 2.66, a 12-month trailing P/E ratio of 78.28. The stock’s Relative Strength Index (RSI) is 64.62, with weekly volatility at 20.17% and ATR at 0.35. The ENG stock’s 52-week price range has touched low of $0.46 and a $4.32 high. The stock traded higher over the last trading session, gaining 25.41% on 12/07/20.
Investors have identified the Engineering & Construction company ENGlobal Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $54.55 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ENGlobal Corporation (ENG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ENG, the company has in raw cash 12.7 million on their books with 3.04 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 28.64 million total, with 13.59 million as their total liabilities.
Is the stock of ENG attractive?
In related news, Senior Vice President, Williams Robert Bruce sold 100,000 shares of the company’s stock in a transaction that recorded on Nov 30. The sale was performed at an average price of 2.18, for a total value of 218,460. In the last 6 months, insiders have changed their ownership in shares of company stock by 4.20%.