Enbridge Inc. (NYSE:ENB) went down by -1.21% from its latest closing price compared to the recent 1-year high of $47.67. The company’s stock price has collected 0.39% of gains in the last five trading sessions. MarketWatch.com reported on 11/15/21 that 5 takeaways from the COP26 climate summit investors need to know
Is It Worth Investing in Enbridge Inc. (NYSE :ENB) Right Now?
Enbridge Inc. (NYSE:ENB) scored a price-to-earnings ratio above its average ratio, recording 19.53 x from its present earnings ratio. Plus, the 36-month beta value for ENB is at 0.79. Opinions of the stock are interesting as 9 analysts out of 22 who provided ratings for Enbridge Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 13 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $46.68, which is $2.16 above the current price. ENB currently public float of 2.02B and currently shorts hold a 0.92% ratio of that float. Today, the average trading volume of ENB was 3.83M shares.
ENB’s Market Performance
ENB stocks went up by 0.39% for the week, with a monthly jump of 3.12% and a quarterly performance of 1.29%, while its annual performance rate touched 12.59%. The volatility ratio for the week stands at 1.81% while the volatility levels for the past 30 days are set at 1.80% for Enbridge Inc. The simple moving average for the period of the last 20 days is 2.75% for ENB stocks with a simple moving average of 3.27% for the last 200 days.
Analysts’ Opinion of ENB
Morgan Stanley, on the other hand, stated in their research note that they expect to see ENB reach a price target of $60. The rating they have provided for ENB stocks is “Equal-Weight” according to the report published on January 07th, 2022.
ENB Trading at 0.89% from the 50-Day Moving Average
After a stumble in the market that brought ENB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.72% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.81%, as shares surge +6.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.01% lower at present.
During the last 5 trading sessions, ENB rose by +0.39%, which changed the moving average for the period of 200-days by +3.43% in comparison to the 20-day moving average, which settled at $42.94. In addition, Enbridge Inc. saw 12.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ENB
Current profitability levels for the company are sitting at:
- +15.87 for the present operating margin
- +30.22 for the gross margin
The net margin for Enbridge Inc. stands at +13.22. Equity return is now at value 9.00, with 2.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.