Investors Are Waking Up To Enbridge Inc (NYSE: ENB) After Rising 18.53% Over The Past 12 Months

Enbridge Inc (NYSE:ENB) currently has a daily average trading volume of 4.21M but it saw 6113051 shares traded in last market. With a market cap of 91.02B USD, the company’s current market price of $41.77 came rising about 1.65 while comparing to the previous closing price of $41.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $46.12 and as low as $32.85. In the recent trading on the day, stock has struck highest price mark of $39.8 while lowest mark touched by it was $42.0968.

Taking a look at 20-day trading activity of Enbridge Inc (ENB) gives us an average price of $43.68, while its current price level is -9.43% below from 52-week high level whereas it is 27.13% 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 $43.29 while that of 200 days or SMA-200 reads an average of $41.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.39% during that period while stretching the period over a month that decreases to 2.44%. 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 39.01 which implies that the stock is in neutral territory.

Over the week, ENB’s stock price is moving -7.47% down while it is -1.25% when we observe its performance for the past one month. Year-to-date it is -1.56% down and over the past year, the stock is showing an upside performance of 18.53%.

The company is expected to be releasing its next quarterly report on 2025-Feb-13, for which analysts forecasted an EPS of 0.94 while estimate for next year EPS is 3.04. In next quarter, company is expected to be making quarterly sales of $10.04B as analysts are expecting the sales for current fiscal year at $43.13B and seeing the company making $44.58B in sales next year. Moreover, analysts are in estimates of $10.2B for current-quarter revenue.

Currently, Enbridge Inc’s total number of outstanding shares is 2.18B with 0.07% of that held by the insiders while 53.36% of its common stock has been owned by the institutions. 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 24.31 while having a 18.49 of forward P/E ratio. Stock’s beta reads 0.76. Stock has a price to book (P/B) ratio of 2.21 while price to sale or P/S ratio amounts to 2.33. Its return on asset (ROA) is 2.76% on average.