Ideas And Forecasts On Enbridge Inc (NYSE: ENB)

Enbridge Inc (NYSE:ENB) currently has a daily average trading volume of 3.47M but it saw 5623571 shares traded in last market. With a market cap of 131.48B USD, the company’s current market price of $43.09 came rising about 1.41 while comparing to the previous closing price of $42.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $43.00 and as low as $32.76. In the recent trading on the day, stock has struck highest price mark of $42.55 while lowest mark touched by it was $43.305.

Taking a look at 20-day trading activity of Enbridge Inc (ENB) gives us an average price of $41.48, while its current price level is 0.21% below from 52-week high level whereas it is 31.53% 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 $41.11 while that of 200 days or SMA-200 reads an average of $37.42. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.60% during that period while stretching the period over a month that decreases to 1.40%. 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 68.70 which implies that the stock is in neutral territory.

Over the week, ENB’s stock price is moving 1.58% up while it is 3.06% when we observe its performance for the past one month. Year-to-date it is 19.63% up and over the past year, the stock is showing an upside performance of 29.52%.

Currently, Enbridge Inc’s total number of outstanding shares is 2.18B. Company’s return on investment (ROI) stands at 4.07% and return on equity (ROE) at 10.11%. It has a price to earnings ratio (P/E ratio) of 19.98 while having a 19.89 of forward P/E ratio. Stock’s beta reads 0.89. Stock has a price to book (P/B) ratio of 2.15 while price to sale or P/S ratio amounts to 3.69. Its return on asset (ROA) is 3.44% on average.