Enbridge Inc (NYSE:ENB) shares, rose in value on Friday, November 01, with the stock price up by 0.47% to the previous day’s close as strong demand from buyers drove the stock to $40.59.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.40, falling within a range of $39.84 and $40.885. The value of beta (5-year monthly) is 0.904 whereas the PE ratio is 21.19 over 12-month period. Referring to stock’s 52-week performance, its high was $42.16, and the low was $31.94. On the whole, ENB has fluctuated by -0.39% over the past month.
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With the market capitalization of Enbridge Inc currently standing at about $123.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-01. The company’s Forward Dividend Ratio is 2.67, with its dividend yield at 6.57%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 28.2B, with a low estimate of 4.53B and a high estimate of 4.53B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.53B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ENB’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.16, with the price of ENB currently trading nearly -1.18% and -0.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.10, while the 7-day volatility ratio is showing 1.18% which for the 30-day chart, stands at 1.15%. Furthermore, Enbridge Inc (ENB)’s beta value is 0.89, and its average true range (ATR) is 0.52.
A comparison of Enbridge Inc (ENB) with its peers suggests the former has fared considerably weaker in the market. ENB showed an intraday change of 0.47% in today’s session so far, and over the past year, it grew by 25.28%%.
Data on historical trading for Enbridge Inc (NYSE:ENB) indicates that the trading volumes over the past 10 days have averaged 3.05 and over the past 3 months, they’ve averaged 3.62 million. According to company’s latest data on outstanding shares, there are 2.18 billion shares outstanding.
Nearly 0.11% of Enbridge Inc’s shares belong to company insiders and institutional investors own 51.89% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.64 million shares as on 2024-10-15, resulting in a short ratio of 8.89. According to the data, the short interest in Enbridge Inc (ENB) stood at 113.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 18.63 million. The stock has risen by 12.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ENB stock heading into the next quarter.
