Enbridge Inc (NYSE:ENB) price is hovering lower on Tuesday, April 16, dropping -1.55% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $33.75. The company’s P/E ratio in the trailing 12-month period read 15.82. Taking into account the 52-week price action we note that the stock hit a 52-week high of $40.30 and 52-week low of $31.03. The stock subtracted -6.46% on its value in the past month.
Enbridge Inc, which has a market valuation of $70.63 billion. The company stock has a Forward Dividend ratio of 2.64, while the dividend yield is 7.93%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ENB a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 5.19. The overview shows that ENB’s price is at present -6.19% off the SMA20 and -5.27% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 24.98, with weekly volatility standing at 1.91%. The indicator jumps to 1.34% when calculated based on the past 30 days. Enbridge Inc (NYSE:ENB)’s beta value is holding at 0.86, while the average true range (ATR) indicator is currently reading 0.54.
An analysis of the Enbridge Inc (NYSE:ENB) stock in terms of its daily trading volume indicates that the 3-month average is 5.55 million.
Current records show that the company has 2.12B in outstanding shares. The insiders’ percentage holdings are 0.12% of outstanding shares while the percentage share held by institutions stands at 52.06%. But the -7.76% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
