Should Investors Trust The Upside Potential In Enbridge Inc (ENB)?

money audit

Enbridge Inc (NYSE:ENB) currently has a daily average trading volume of 3.80M but it saw 988581 shares traded in last market. With a market cap of 90.98B USD, the company’s current market price of $41.87 came rising about 0.17 while comparing to the previous closing price of $41.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.13 and as low as $32.85. In the recent trading on the day, stock has struck highest price mark of $41.62 while lowest mark touched by it was $41.9.

Taking a look at 20-day trading activity of Enbridge Inc (ENB) gives us an average price of $42.33, while its current price level is -5.13% below from 52-week high level whereas it is 27.44% 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 $42.03 while that of 200 days or SMA-200 reads an average of $38.46. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.81% during that period while stretching the period over a month that decreases to 1.48%. 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 47.10 which implies that the stock is in neutral territory.

Over the week, ENB’s stock price is moving 0.90% up while it is -3.44% when we observe its performance for the past one month. Year-to-date it is 15.97% up and over the past year, the stock is showing an upside performance of 15.84%.

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 19.36 while having a 19.33 of forward P/E ratio. Stock’s beta reads 0.90. Stock has a price to book (P/B) ratio of 2.08 while price to sale or P/S ratio amounts to 2.55. Its return on asset (ROA) is 3.44% on average.