Enbridge Inc (NYSE: ENB) has a price-to-earnings ratio of 17.06x that is above its average ratio. Additionally, the 36-month beta value for ENB is 0.85. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for ENB is 2.12B and currently, short sellers hold a 1.19% ratio of that float. The average trading volume of ENB on April 02, 2024 was 5.50M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB) has seen a decline in its stock price by -0.97 in relation to its previous close of 36.18. However, the company has experienced a 1.07% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-01 that Enjoying The Benefit Of Higher For Longer With These 3 High Yielders
ENB’s Market Performance
Enbridge Inc (ENB) has seen a 1.07% rise in stock performance for the week, with a 4.10% gain in the past month and a -0.69% plunge in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.15% for ENB. The simple moving average for the last 20 days is 0.55% for ENB stock, with a simple moving average of 2.30% for the last 200 days.
ENB Trading at 1.70% 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 -11.09% of loss for the given period.
Volatility was left at 1.15%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +2.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.11% upper at present.
During the last 5 trading sessions, ENB rose by +1.07%, which changed the moving average for the period of 200-days by -4.48% in comparison to the 20-day moving average, which settled at $35.69. In addition, Enbridge Inc saw -0.53% 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:
- 0.2 for the present operating margin
- 0.5 for the gross margin
The net margin for Enbridge Inc stands at 0.15. Equity return is now at value 10.09, with 3.40 for asset returns.
When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
In conclusion, Enbridge Inc (ENB) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
