The stock of Enbridge Inc (ENB) has gone up by 1.45% for the week, with a 1.96% rise in the past month and a 2.95% rise in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are 1.75% for ENB. The simple moving average for the past 20 days is 3.83% for ENB’s stock, with a 4.36% simple moving average for the past 200 days.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
Enbridge Inc (NYSE: ENB) has a higher price-to-earnings ratio of 17.30x compared to its average ratio, The 36-month beta value for ENB is at 0.87. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for ENB is 2.12B, and currently, shorts hold a 1.26% of that float. The average trading volume for ENB on May 06, 2024 was 6.12M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB)’s stock price has plunge by -0.22relation to previous closing price of 36.42. Nevertheless, the company has seen a 1.45% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-05 that TRP reported strong Q1-2024 earnings, beating consensus estimates with adjusted EBITDA of $3.09 billion. Natural Gas segment performed exceptionally well, but the company just maintained its adjusted EBITDA guidance for the year. We examine the setup and tell you how we played it.
ENB Trading at 3.05% 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 -9.83% of loss for the given period.
Volatility was left at 1.75%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares surge +2.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.13% upper at present.
During the last 5 trading sessions, ENB rose by +1.45%, which changed the moving average for the period of 200-days by -1.36% in comparison to the 20-day moving average, which settled at $35.05. In addition, Enbridge Inc saw 0.89% in overturn over a single year, with a tendency to cut further gains.
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 2.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
In conclusion, Enbridge Inc (ENB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
