ENGlobal Odds of Future Stock Price Finishing Over 16.25
| ENGDelisted Stock | USD 1.08 0.20 15.62% |
ENGlobal |
ENGlobal Target Price Odds to finish over 16.25
The tendency of ENGlobal Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to move over $ 16.25 or more in 90 days |
| 1.08 | 90 days | 16.25 | close to zero percent |
Based on a normal probability distribution, the odds of ENGlobal to move over $ 16.25 or more in 90 days from now is close to zero percent (This ENGlobal probability density function shows the probability of ENGlobal Stock to fall within a particular range of prices over 90 days) . Probability of ENGlobal price to stay between its current price of $ 1.08 and $ 16.25 at the end of the 90-day period is close to 99 .
Considering the 90-day investment horizon the stock has the beta coefficient of 1.01 suggesting ENGlobal market returns are reactive to returns on the market. As the market goes up or down, ENGlobal is expected to follow. Additionally ENGlobal has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. ENGlobal Price Density |
| Price |
Predictive Modules for ENGlobal
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as ENGlobal. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.ENGlobal Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. ENGlobal is not an exception. The market had few large corrections towards the ENGlobal's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold ENGlobal, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of ENGlobal within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.16 | |
β | Beta against Dow Jones | 1.01 | |
σ | Overall volatility | 0.07 | |
Ir | Information ratio | -0.03 |
ENGlobal Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of ENGlobal for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for ENGlobal can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| ENGlobal is not yet fully synchronised with the market data | |
| ENGlobal generated a negative expected return over the last 90 days | |
| ENGlobal has high historical volatility and very poor performance | |
| ENGlobal has some characteristics of a very speculative penny stock | |
| ENGlobal has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 39.04 M. Reported Net Loss for the year was (15.15 M) with loss before taxes, overhead, and interest of (643 K). | |
| ENGlobal has about 9.66 M in cash with (4.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 26.0% of the company shares are held by company insiders |
ENGlobal Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of ENGlobal Stock often depends not only on the future outlook of the current and potential ENGlobal's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ENGlobal's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 5 M | |
| Cash And Short Term Investments | 615 K |
ENGlobal Technical Analysis
ENGlobal's future price can be derived by breaking down and analyzing its technical indicators over time. ENGlobal Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of ENGlobal. In general, you should focus on analyzing ENGlobal Stock price patterns and their correlations with different microeconomic environments and drivers.
ENGlobal Predictive Forecast Models
ENGlobal's time-series forecasting models is one of many ENGlobal's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary ENGlobal's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about ENGlobal
Checking the ongoing alerts about ENGlobal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for ENGlobal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| ENGlobal is not yet fully synchronised with the market data | |
| ENGlobal generated a negative expected return over the last 90 days | |
| ENGlobal has high historical volatility and very poor performance | |
| ENGlobal has some characteristics of a very speculative penny stock | |
| ENGlobal has a very high chance of going through financial distress in the upcoming years | |
| The company reported the last year's revenue of 39.04 M. Reported Net Loss for the year was (15.15 M) with loss before taxes, overhead, and interest of (643 K). | |
| ENGlobal has about 9.66 M in cash with (4.83 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.27. | |
| Roughly 26.0% of the company shares are held by company insiders |
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Other Consideration for investing in ENGlobal Stock
If you are still planning to invest in ENGlobal check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ENGlobal's history and understand the potential risks before investing.
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