The Week Ahead: Are Investors Really Too Optimistic About Enbridge Inc (NYSE: ENB)

Enbridge Inc (NYSE:ENB) currently has a daily average trading volume of 5.64M but it saw 6954633 shares traded in last market. With a market cap of 72.06B USD, the company’s current market price of $33.90 came rising about 1.71 while comparing to the previous closing price of $33.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $40.30 and as low as $31.03.

Taking a look at 20-day trading activity of Enbridge Inc (ENB) gives us an average price of $35.06, while its current price level is -15.88% below from 52-week high level whereas it is 9.25% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.99 while that of 200 days or SMA-200 reads an average of $34.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.12% during that period while stretching the period over a month that decreases to 1.47%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 38.75 which implies that the stock is in neutral territory.

Over the week, ENB’s stock price is moving -1.88% down while it is -5.17% when we observe its performance for the past one month. Year-to-date it is -5.89% down and over the past year, the stock is showing a downside performance of -15.14%.

Currently, Enbridge Inc’s total number of outstanding shares is 2.12B. Company’s return on investment (ROI) stands at 4.16% and return on equity (ROE) at 10.09%. It has a price to earnings ratio (P/E ratio) of 16.14 while having a 15.37 of forward P/E ratio. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 1.74 while price to sale or P/S ratio amounts to 2.27. Its return on asset (ROA) is 3.40% on average.