Enbridge Inc (NYSE:ENB) shares, rose in value, with the stock price up by 0.68% to the previous day’s close as strong demand from buyers drove the stock to $35.66.
Actively observing the price movement in the last trading, the stock closed the session at $35.42. The PE ratio was 16.98 over 12-month period. Referring to stock’s 52-week performance, its high was $40.30, and the low was $31.03. On the whole, ENB has fluctuated by -0.78% over the past month.
The company’s Forward Dividend Ratio is 2.64, with its dividend yield at 7.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 32.36B, with a low estimate of 8.85B and a high estimate of 9.03B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.94B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ENB’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.57, with the price of ENB currently trading nearly 1.93% and 1.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.61, while the 7-day volatility ratio is showing 1.86% which for the 30-day chart, stands at 1.57%. Furthermore, Enbridge Inc (ENB)’s beta value is 0.84, and its average true range (ATR) is 0.57.
A comparison of Enbridge Inc (ENB) with its peers suggests the former has fared considerably weaker in the market. ENB showed an intraday change of 0.68% in last session, and over the past year, it shrunk by -9.54%%.
Data on historical trading for Enbridge Inc (NYSE:ENB) indicates that the trading volumes over the past 3 months, they’ve averaged 5.89 million. According to company’s latest data on outstanding shares, there are 2.12 billion shares outstanding.
Nearly 0.12% of Enbridge Inc’s shares belong to company insiders and institutional investors own 52.10% of the company’s shares. The stock has fallen by -1.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ENB stock heading into the next quarter.
