In the past week, ENB stock has gone up by 1.99%, with a monthly decline of -3.41% and a quarterly plunge of -3.11%. The volatility ratio for the week is 2.20%, and the volatility levels for the last 30 days are 1.54% for Enbridge Inc The simple moving average for the last 20 days is -0.58% for ENB’s stock, with a simple moving average of -0.02% for the last 200 days.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
Enbridge Inc (NYSE: ENB) has a price-to-earnings ratio that is above its average at 16.60x. The stock has a 36-month beta value of 0.85. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.15% of that float. On April 22, 2024, the average trading volume of ENB was 5.64M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB)’s stock price has soared by 2.83 in relation to previous closing price of 33.90. Nevertheless, the company has seen a gain of 1.99% in its stock price over the last five trading days. The Motley Fool reported 2024-04-20 that Enbridge has a big 8% yield and a stable cash-generating business to back it. Williams generates very durable cash flow to back its 5%-yielding payout.
ENB Trading at -0.37% 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 -13.50% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 2.20%, as shares sank -2.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.28% upper at present.
During the last 5 trading sessions, ENB rose by +1.99%, which changed the moving average for the period of 200-days by -5.25% in comparison to the 20-day moving average, which settled at $35.02. In addition, Enbridge Inc saw -3.22% 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 2.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To sum up, Enbridge Inc (ENB) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
