The stock of Enbridge Inc (NYSE: ENB) has decreased by -1.25 when compared to last closing price of 42.78.Despite this, the company has seen a gain of 2.91% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that Early trading mistakes taught me the value of dividend investing, leading to a portfolio focused on dividend growth stocks for stability and income. Dividend stocks offer consistent growth, reliable cash flow, and peace of mind, making them ideal for retirement-focused investors seeking low-risk, inflation-protected income. For a retirement portfolio, I recommend high-quality dividend payers, avoiding high-risk, ultra-high-yield stocks.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
Enbridge Inc (NYSE: ENB) has a price-to-earnings ratio of 19.58x that is above its average ratio. Additionally, the 36-month beta value for ENB is 0.89. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ENB is 2.18B and currently, short sellers hold a 1.13% ratio of that float. The average trading volume of ENB on November 12, 2024 was 3.48M shares.
ENB’s Market Performance
ENB stock saw an increase of 2.91% in the past week, with a monthly gain of 2.66% and a quarterly increase of 6.84%. The volatility ratio for the week is 1.36%, and the volatility levels for the last 30 days are 1.30% for Enbridge Inc (ENB). The simple moving average for the past 20 days is 2.07% for ENB’s stock, with a 13.12% simple moving average for the past 200 days.
ENB Trading at 3.00% 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 -1.50% of loss for the given period.
Volatility was left at 1.30%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares surge +2.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.66% upper at present.
During the last 5 trading sessions, ENB rose by +3.47%, which changed the moving average for the period of 200-days by +18.15% in comparison to the 20-day moving average, which settled at $41.40. In addition, Enbridge Inc saw 17.28% 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 3.82. 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 seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
