Enbridge Inc (NYSE: ENB) has a price-to-earnings ratio that is above its average at 17.04x. The stock has a 36-month beta value of 0.84. 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 1.26% of that float. On April 29, 2024, the average trading volume of ENB was 5.95M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB) has experienced a decline in its stock price by -0.06 compared to its previous closing price of 35.82. However, the company has seen a gain of 1.27% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-27 that Attempting to time the market is not a successful strategy. Long-term investing has consistently outperformed market timing. Today, the S&P is fairly valued, but blue-chip bargains are plentiful if you know where to look. These 16 dividend aristocrats yield an average of 4.7%, are 18% undervalued, have 30% 12-month upside potential, and are expected to keep delivering 12% to 13% annual returns just as they have for 25 years.
ENB’s Market Performance
Enbridge Inc (ENB) has experienced a 1.27% rise in stock performance for the past week, with a -1.05% drop in the past month, and a -0.42% drop in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are at 1.66% for ENB. The simple moving average for the last 20 days is 2.34% for ENB’s stock, with a simple moving average of 2.75% for the last 200 days.
ENB Trading at 1.86% 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 -11.17% of loss for the given period.
Volatility was left at 1.66%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares sank -0.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.25% upper at present.
During the last 5 trading sessions, ENB rose by +1.26%, which changed the moving average for the period of 200-days by -4.11% in comparison to the 20-day moving average, which settled at $34.98. In addition, Enbridge Inc saw -0.61% 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 2.38. 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
