The stock of Enbridge Inc (ENB) has gone down by -1.65% for the week, with a -1.29% drop in the past month and a -3.98% drop in the past quarter. The volatility ratio for the week is 1.10%, and the volatility levels for the past 30 days are 1.13% for ENB. The simple moving average for the past 20 days is -1.58% for ENB’s stock, with a 0.72% simple moving average for the past 200 days.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
The price-to-earnings ratio for Enbridge Inc (NYSE: ENB) is above average at 16.78x, Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for ENB is 2.12B, and currently, short sellers hold a 1.19% ratio of that floaft. The average trading volume of ENB on April 09, 2024 was 5.52M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB) has experienced a decline in its stock price by -0.31 compared to its previous closing price of 35.35. However, the company has seen a fall of -1.65% in its stock price over the last five trading days. The Motley Fool reported 2024-04-08 that NextEra is projecting 10% dividend growth through 2026, which is an impressive figure for a utility stock. Brookfield Infrastructure expects to grow its 4.5%-yielding dividend by 5% to 9% per year.
ENB Trading at 0.05% 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 -12.56% of loss for the given period.
Volatility was left at 1.13%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares sank -1.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.26% lower at present.
During the last 5 trading sessions, ENB fell by -1.65%, which changed the moving average for the period of 200-days by -4.58% in comparison to the 20-day moving average, which settled at $35.78. In addition, Enbridge Inc saw -2.17% 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 1.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
In a nutshell, Enbridge Inc (ENB) has experienced a bad performance in recent times. The stock has received mixed “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.
