Enbridge Inc (NYSE: ENB) has seen a decline in its stock price by -1.50 in relation to its previous close of 33.40. However, the company has experienced a -1.41% decline in its stock price over the last five trading sessions. InvestorPlace reported 2023-11-16 that With oil prices dipping below the $80 mark this month, it’s plausible to think that the energy stock rally has hit its peak. Yet, this could be a premature assumption.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
The price-to-earnings ratio for Enbridge Inc (NYSE: ENB) is 29.48x, which is above its average ratio. Moreover, the 36-month beta value for ENB is 0.87.
The public float for ENB is 2.12B and currently, short sellers hold a 2.95% of that float. On November 17, 2023, ENB’s average trading volume was 6.14M shares.
ENB’s Market Performance
ENB stock saw an increase of -1.41% in the past week, with a monthly gain of 2.24% and a quarterly increase of -5.65%. The volatility ratio for the week is 1.64%, and the volatility levels for the last 30 days are 1.67% for Enbridge Inc (ENB). The simple moving average for the last 20 days is 0.34% for ENB stock, with a simple moving average of -9.71% for the last 200 days.
ENB Trading at -0.70% 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 -21.89% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +2.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.96% lower at present.
During the last 5 trading sessions, ENB fell by -1.41%, which changed the moving average for the period of 200-days by -19.20% in comparison to the 20-day moving average, which settled at $32.83. In addition, Enbridge Inc saw -15.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ENB
Current profitability levels for the company are sitting at:
- +15.66 for the present operating margin
- +31.14 for the gross margin
The net margin for Enbridge Inc stands at +5.62. The total capital return value is set at 5.88, while invested capital returns managed to touch 2.28. Equity return is now at value 5.29, with 1.91 for asset returns.
Based on Enbridge Inc (ENB), the company’s capital structure generated 136.50 points at debt to equity in total, while total debt to capital is 57.72. Total debt to assets is 45.51, with long-term debt to equity ratio resting at 138.72. Finally, the long-term debt to capital ratio is 51.98.
When we switch over and look at the enterprise to sales, we see a ratio of 3.97, with the company’s debt to enterprise value settled at 0.41. The receivables turnover for the company is 6.70 and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
To wrap up, the performance of Enbridge Inc (ENB) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.