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Enbridge Inc. (ENB) Stock: Navigating a Year of Volatility

The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Enbridge Inc.’s current trading price is -17.07% away from its 52-week high, while its distance from the 52-week low is 6.17%. The stock’s price range for this period has been between $32.90 and $42.12 The company’s shares, which are part of the Energy sector, had a trading volume of approximately 1.19 million for the day, a number notably lower than the average daily volume of 5.11 million over the last three months.

Enbridge Inc. (ENB) stock is currently valued at $34.93. During the last session, the stock experienced a remarkable rise, reaching $35.29 after opening at $35.28. The stock briefly dropped to $34.80 before ultimately closing at $35.02.

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Enbridge Inc. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $42.12 on 11/25/22, while the lowest value for the same period was recorded at $32.90 on 09/06/23.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Enbridge Inc. (ENB) has experienced a quarterly decline of -5.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 74.75B and boasts a workforce of 11100 employees.

Enbridge Inc.: What Analysts Are Saying

As of right now, 9 analysts are rating Enbridge Inc. as a BUY, 2 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 36.56, with a change in price of -4.17. Similarly, Enbridge Inc. recorded 4,535,933 in trading volume during the last 100 days, posting a change of -10.67%.

Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis

The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for ENB stands at 1.48. Similarly, the long-term debt-to-equity ratio is also 1.35.

ENB Stock Stochastic Average

As of today, Enbridge Inc.’s raw stochastic average for the last 50 days stands at 40.92%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 73.56%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 76.20% and 76.40%, respectively.

ENB Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Until today this year the stock’s price performance recorded a decrease of -10.66%. However, over the last six months, the performance has been stronger by -5.98%. The price of ENB increased 0.17% over the last 30 days. And in the last five days, it has surged by 2.31%.

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