The stock of Enbridge Inc (ENB) has gone down by -0.23% for the week, with a 1.67% rise in the past month and a 9.30% rise in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are 1.39% for ENB. The simple moving average for the past 20 days is 2.72% for ENB’s stock, with a 13.86% 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 price-to-earnings ratio that is above its average at 19.79x. The stock has a 36-month beta value of 0.89. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for ENB is 2.18B, and at present, short sellers hold a 1.13% of that float. On November 18, 2024, the average trading volume of ENB was 3.46M shares.
ENB) stock’s latest price update
Enbridge Inc (NYSE: ENB) has experienced a rise in its stock price by 1.18 compared to its previous closing price of 42.18. However, the company has seen a fall of -0.23% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-14 that Market valuation is high, posing challenges for investors seeking value. Current conditions make it crucial to navigate carefully and avoid overpriced assets. This also puts tremendous pressure on the incoming president, as markets provide zero room for error when it comes to growing GDP and corporate earnings. My portfolio prioritizes solid, undervalued dividend payers that offer stability and income. These selections align with a cautious approach in an uncertain market.
ENB Trading at 3.64% 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 -1.44% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.47% upper at present.
During the last 5 trading sessions, ENB fell by -0.39%, which changed the moving average for the period of 200-days by +20.72% in comparison to the 20-day moving average, which settled at $41.55. In addition, Enbridge Inc saw 18.49% 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 2.03.
Currently, EBITDA for the company is 13.82 billion with net debt to EBITDA at 6.07. When we switch over and look at the enterprise to sales, we see a ratio of 3.84. 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
To sum up, Enbridge Inc (ENB) has seen a better 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.
