Enbridge Inc (NYSE: ENB)’s stock price has dropped by -0.72 in relation to previous closing price of 43.26. Nevertheless, the company has seen a gain of 0.92% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-25 that Many of us expected REITs to explode higher when the Fed would start to decrease interest rates. Rising long-term yields have quite quickly destroyed these expectations. In this article, I describe two indicators, which imply elevated risks for REITs. In my view, the risks are high for REITs to decline.
Is It Worth Investing in Enbridge Inc (NYSE: ENB) Right Now?
The price-to-earnings ratio for Enbridge Inc (NYSE: ENB) is above average at 19.91x. The 36-month beta value for ENB is also noteworthy at 0.90. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it 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. The average trading volume of ENB on November 26, 2024 was 3.35M shares.
ENB’s Market Performance
ENB’s stock has seen a 0.92% increase for the week, with a 4.91% rise in the past month and a 8.27% gain in the past quarter. The volatility ratio for the week is 1.52%, and the volatility levels for the past 30 days are at 1.49% for Enbridge Inc The simple moving average for the last 20 days is 2.17% for ENB’s stock, with a simple moving average of 13.92% for the last 200 days.
ENB Trading at 3.67% 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 -1.72% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +5.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.30% upper at present.
During the last 5 trading sessions, ENB rose by +0.92%, which changed the moving average for the period of 200-days by +25.47% in comparison to the 20-day moving average, which settled at $42.04. In addition, Enbridge Inc saw 19.24% 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
- 0.39 for the gross margin
The net margin for Enbridge Inc stands at 0.14. 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 0.14. The debt to equity ratio resting at 1.45. The interest coverage ratio of the stock is 2.04.
Currently, EBITDA for the company is 16.35 billion with net debt to EBITDA at 5.23. When we switch over and look at the enterprise to sales, we see a ratio of 4.62. The receivables turnover for the company is 8.55for 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 summary, Enbridge Inc (ENB) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
