The price-to-earnings ratio for Enbridge Inc (NYSE: ENB) is above average at 16.07x, 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 1.15% ratio of that floaft. The average trading volume of ENB on April 16, 2024 was 5.56M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB)’s stock price has plunge by -1.26relation to previous closing price of 34.18. Nevertheless, the company has seen a -4.23% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-15 that Enbridge (ENB) concluded the recent trading session at $33.75, signifying a -1.26% move from its prior day’s close.
ENB’s Market Performance
Enbridge Inc (ENB) has experienced a -4.23% fall in stock performance for the past week, with a -5.38% drop in the past month, and a -8.39% drop in the past quarter. The volatility ratio for the week is 1.91%, and the volatility levels for the past 30 days are at 1.34% for ENB. The simple moving average for the past 20 days is -4.95% for ENB’s stock, with a -3.41% simple moving average for the past 200 days.
ENB Trading at -3.89% 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 -16.25% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.91%, as shares sank -4.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.88% lower at present.
During the last 5 trading sessions, ENB fell by -4.23%, which changed the moving average for the period of 200-days by -8.09% in comparison to the 20-day moving average, which settled at $35.42. In addition, Enbridge Inc saw -6.30% 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 2.27. 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.
