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 -10.45% away from its 52-week high, while its distance from the 52-week low is 16.31%. The stock’s price range for this period has been between $31.03 and $40.30 The company’s shares, which are part of the Energy sector, had a trading volume of approximately 3.41 million for the day, a number notably lower than the average daily volume of 5.7 million over the last three months.
Enbridge Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $40.30 on 05/08/23, while the lowest price for the same period was registered at $31.03 on 10/04/23.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Enbridge Inc (ENB) has experienced a quarterly rise of 3.35% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 76.71B and boasts a workforce of 11500 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 34.72, with a change in price of +3.50. Similarly, Enbridge Inc recorded 5,866,704 in trading volume during the last 100 days, posting a change of +10.74%.
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 1.33. Similarly, the long-term debt-to-equity ratio is also 1.23.
ENB Stock Stochastic Average
Enbridge Inc’s raw stochastic average for the past 50 days is presently 70.72%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 98.62%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 98.01% and 95.89%, respectively.
ENB Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 0.19% this year. Over the last six months, there has been a weaker performance of 7.06%. The price of ENB fallen by 5.43% during the last 30 days period. For the last 5-days stocks have improved 3.77%.
