Enbridge Inc (NYSE:ENB) shares, rose in value on Wednesday, January 22, with the stock price down by -1.21% to the previous day’s close as strong demand from buyers drove the stock to $44.76.
Actively observing the price movement in the last trading, the stock closed the session at $45.31, falling within a range of $44.735 and $45.39. The value of beta (5-year monthly) was 0.91 whereas the PE ratio was 20.75 over 12-month period. Referring to stock’s 52-week performance, its high was $45.78, and the low was $32.85. On the whole, ENB has fluctuated by 10.52% over the past month.
With the market capitalization of Enbridge Inc currently standing at about $97.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.67, with its dividend yield at 5.96%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 44.02B, with a low estimate of 6.73B and a high estimate of 8.66B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.7B.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 5.19, with the price of ENB currently trading nearly 3.63% and 4.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.49, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.53%. Furthermore, Enbridge Inc (ENB)’s beta value is 0.90, and its average true range (ATR) is 0.71.
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 -1.21% in last session, and over the past year, it grew by 24.40%%.
Data on historical trading for Enbridge Inc (NYSE:ENB) indicates that the trading volumes over the past 10 days have averaged 4.43 and over the past 3 months, they’ve averaged 4.05 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 51.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.49 million shares as on 2024-12-31, resulting in a short ratio of 5.9. According to the data, the short interest in Enbridge Inc (ENB) stood at 108.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 18.02 million. The stock has risen by 5.49% 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.
