Spotting A Winner: Enbridge Inc (NYSE: ENB) Advances 2.26 And It Still Have Room To Run

money audit

Enbridge Inc (NYSE:ENB) currently has a daily average trading volume of 4.20M but it saw 4614944 shares traded in last market. With a market cap of 92.59B USD, the company’s current market price of $42.49 came rising about 2.26 while comparing to the previous closing price of $41.55. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.78 and as low as $32.85.

Taking a look at 20-day trading activity of Enbridge Inc (ENB) gives us an average price of $43.06, while its current price level is -7.19% below from 52-week high level whereas it is 29.33% 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 $43.27 while that of 200 days or SMA-200 reads an average of $40.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.41% during that period while stretching the period over a month that decreases to 2.03%. 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 46.73 which implies that the stock is in neutral territory.

Over the week, ENB’s stock price is moving 1.77% up while it is -1.00% when we observe its performance for the past one month. Year-to-date it is 0.14% up and over the past year, the stock is showing an upside performance of 22.10%.

Currently, Enbridge Inc’s total number of outstanding shares is 2.18B. Company’s return on investment (ROI) stands at 3.33% and return on equity (ROE) at 8.63%. It has a price to earnings ratio (P/E ratio) of 24.73 while having a 18.77 of forward P/E ratio. Stock’s beta reads 0.79. Stock has a price to book (P/B) ratio of 2.25 while price to sale or P/S ratio amounts to 2.37. Its return on asset (ROA) is 2.76% on average.