Enbridge Inc (NYSE:ENB) shares, rose in value, with the stock price down by -1.02% to the previous day’s close as strong demand from buyers drove the stock to $45.57.
Actively observing the price movement in the last trading, the stock closed the session at $46.04. The PE ratio was 23.43 over 12-month period. Referring to stock’s 52-week performance, its high was $47.08, and the low was $34.60. On the whole, ENB has fluctuated by -2.29% over the past month.
With the market capitalization of Enbridge Inc currently standing at about $99.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.66, with its dividend yield at 5.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 48.65B, with a low estimate of 8.04B and a high estimate of 11.23B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.64B.
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 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 3.23, with the price of ENB currently trading nearly -0.29% and 1.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.00, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.20%. Furthermore, Enbridge Inc (ENB)’s beta value is 0.74, and its average true range (ATR) is 0.82.
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 -1.02% in last session, and over the past year, it grew by 26.69%%.
Data on historical trading for Enbridge Inc (NYSE:ENB) indicates that the trading volumes over the past 3 months, they’ve averaged 4.01 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 51.46% of the company’s shares. The stock has risen by 7.40% 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.
