ENGlobal Common Stock vs Capital Stock Analysis
ENG Stock | USD 1.30 0.06 4.41% |
ENGlobal financial indicator trend analysis is much more than just examining ENGlobal latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ENGlobal is a good investment. Please check the relationship between ENGlobal Common Stock and its Capital Stock accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. 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. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.
Common Stock vs Capital Stock
Common Stock vs Capital Stock Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ENGlobal Common Stock account and Capital Stock. At this time, the significance of the direction appears to have almost identical trend.
The correlation between ENGlobal's Common Stock and Capital Stock is 0.92. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Capital Stock in the same time period over historical financial statements of ENGlobal, assuming nothing else is changed. The correlation between historical values of ENGlobal's Common Stock and Capital Stock is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of ENGlobal are associated (or correlated) with its Capital Stock. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Stock has no effect on the direction of Common Stock i.e., ENGlobal's Common Stock and Capital Stock go up and down completely randomly.
Correlation Coefficient | 0.92 |
Relationship Direction | Positive |
Relationship Strength | Very Strong |
Common Stock
Capital Stock
The total amount of a company's capital funded by shareholders through the issue and subscription of shares.Most indicators from ENGlobal's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ENGlobal current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. 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. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.At this time, ENGlobal's Enterprise Value is most likely to increase significantly in the upcoming years.
2021 | 2022 | 2023 | 2024 (projected) | Total Operating Expenses | 12.8M | 14.1M | 14.5M | 18.0M | Cost Of Revenue | 37.1M | 44.4M | 39.4M | 37.4M |
ENGlobal fundamental ratios Correlations
Click cells to compare fundamentals
ENGlobal Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ENGlobal fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 28.7M | 30.4M | 42.1M | 30.0M | 18.8M | 17.8M | |
Short Long Term Debt Total | 2.5M | 8.6M | 6.4M | 10.7M | 9.3M | 7.8M | |
Other Current Liab | 3.5M | 4.9M | 5.4M | 4.1M | 2.1M | 2.0M | |
Total Current Liabilities | 13.2M | 12.4M | 8.8M | 12.1M | 13.7M | 21.8M | |
Total Stockholder Equity | 14.0M | 13.6M | 28.2M | 10.3M | (1.6M) | (1.5M) | |
Property Plant And Equipment Net | 3.2M | 2.9M | 5.9M | 9.8M | 6.4M | 4.4M | |
Net Debt | (5.8M) | (5.1M) | (12.8M) | 7.3M | 8.7M | 4.8M | |
Retained Earnings | (22.9M) | (23.6M) | (29.2M) | (47.8M) | (62.9M) | (59.8M) | |
Accounts Payable | 3.3M | 2.1M | 2.0M | 4.5M | 7.0M | 5.5M | |
Cash | 8.3M | 13.7M | 19.2M | 3.5M | 615K | 584.3K | |
Non Current Assets Total | 4.2M | 4.0M | 7.0M | 10.9M | 7.4M | 13.1M | |
Non Currrent Assets Other | 307K | 351K | 306K | 305K | 191K | 181.5K | |
Cash And Short Term Investments | 8.3M | 13.7M | 19.2M | 3.5M | 615K | 584.3K | |
Net Receivables | 15.3M | 11.9M | 15.0M | 14.2M | 9.7M | 9.2M | |
Common Stock Shares Outstanding | 3.4M | 3.4M | 4.0M | 4.4M | 5.0M | 4.7M | |
Liabilities And Stockholders Equity | 28.7M | 30.4M | 42.1M | 30.0M | 18.8M | 17.8M | |
Non Current Liabilities Total | 1.5M | 4.4M | 5.0M | 7.6M | 6.7M | 6.0M | |
Other Current Assets | 889K | 843K | 917K | 1.4M | 989K | 1.7M | |
Other Stockholder Equity | 36.9M | 37.2M | 57.4M | 58.1M | 61.4M | 32.5M | |
Total Liab | 14.7M | 16.8M | 13.9M | 19.7M | 20.3M | 20.9M | |
Property Plant And Equipment Gross | 3.2M | 1.3M | 5.9M | 13.3M | 9.4M | 9.8M | |
Total Current Assets | 24.5M | 26.5M | 35.1M | 19.2M | 11.4M | 10.9M | |
Short Term Debt | 1.0M | 5.2M | 1.4M | 3.5M | 3.0M | 4.0M | |
Other Assets | 367K | 307K | 2.0M | 306K | 351.9K | 334.3K | |
Property Plant Equipment | 677K | 1.0M | 1.3M | 5.9M | 5.4M | 3.1M | |
Current Deferred Revenue | 5.4M | 1.3M | 2.1M | 1.0M | 1.4M | 1.4M | |
Net Tangible Assets | 14.8M | 13.3M | 12.9M | 27.5M | 24.7M | 19.0M | |
Retained Earnings Total Equity | (15.8M) | (21.5M) | (22.9M) | (23.6M) | (21.2M) | (20.1M) |
Currently Active Assets on Macroaxis
When determining whether ENGlobal is a strong investment it is important to analyze ENGlobal's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ENGlobal's future performance. For an informed investment choice regarding ENGlobal Stock, refer to the following important reports:Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENGlobal. 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. For more detail on how to invest in ENGlobal Stock please use our How to Invest in ENGlobal guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Is Oil & Gas Equipment & Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ENGlobal. If investors know ENGlobal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ENGlobal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.96) | Earnings Share (1.33) | Revenue Per Share 5.599 | Quarterly Revenue Growth (0.37) | Return On Assets (0.17) |
The market value of ENGlobal is measured differently than its book value, which is the value of ENGlobal that is recorded on the company's balance sheet. Investors also form their own opinion of ENGlobal's value that differs from its market value or its book value, called intrinsic value, which is ENGlobal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ENGlobal's market value can be influenced by many factors that don't directly affect ENGlobal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ENGlobal's value and its price as these two are different measures arrived at by different means. Investors typically determine if ENGlobal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ENGlobal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.