The stock of Enbridge Inc (NYSE: ENB) has increased by 1.01 when compared to last closing price of 40.42.Despite this, the company has seen a loss of -0.10% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-04 that Enbridge is a dividend aristocrat with a strong history of dividends that it has continued to grow. The company is continuing to invest massively in its business, which it can afford, and taking utility opportunities. The company’s strong portfolio of tough-to-replicate assets and low margins make it a valuable investment.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
Enbridge Inc (NYSE: ENB) has a higher price-to-earnings ratio of 18.93x compared to its average ratio, The 36-month beta value for ENB is at 0.89. 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.”
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The public float for ENB is 2.18B, and currently, shorts hold a 1.13% of that float. The average trading volume for ENB on November 05, 2024 was 3.61M shares.
ENB’s Market Performance
ENB’s stock has seen a -0.10% decrease for the week, with a -0.61% drop in the past month and a 6.66% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.23% for Enbridge Inc The simple moving average for the past 20 days is -0.57% for ENB’s stock, with a 9.88% simple moving average for the past 200 days.
ENB Trading at 0.21% 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 -3.15% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +0.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.95% upper at present.
During the last 5 trading sessions, ENB fell by -0.10%, which changed the moving average for the period of 200-days by +13.48% in comparison to the 20-day moving average, which settled at $41.07. In addition, Enbridge Inc saw 13.35% 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:
- 0.19 for the present operating margin
- 0.55 for the gross margin
The net margin for Enbridge Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 10.11, with 3.44 for asset returns.
Based on Enbridge Inc (ENB), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.45. The interest coverage ratio of the stock is 4.96.
Currently, EBITDA for the company is 16.77 billion with net debt to EBITDA at 6.67. When we switch over and look at the enterprise to sales, we see a ratio of 3.76. The receivables turnover for the company is 444.88for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.62.
Conclusion
In conclusion, Enbridge Inc (ENB) has had a mixed 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.
