Constellation Energy Corporation (CEG) Reached A New High 1 time During The Past Five Days

As of Friday close, Constellation Energy Corporation’s (NASDAQ:CEG) stock was up $1.14, moving up 2.13 percent to $54.61. The average number of shares traded per day over the past five days has been 2,466,000 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.66 fall in that time frame. In the last twenty days, the average volume was 2,340,255, while in the previous 50 days, it was 2,758,900.

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Since last month, CEG stock retreated -14.94%. Shares of the company fell to $53.08 on 05/12/22, the lowest level in the past month. Since the beginning of this year, CEG’s stock price has risen by 30.02%. However, the stock has declined by -20.49% since its 52-week high.

Financial Health

In the recent quarter, Constellation Energy Corporation’s quick ratio stood at 0.80, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.44, and the total debt-to-equity ratio was 0.73. On the profitability front, the trailing twelve-month gross margin is 38.10% percent. In the recent year, operating margins totaled -1.80%. Based on annual data, CEG earned -$346.0 million in gross profit and brought in $19.65 billion in revenue.

During the quarter, the company generated $1.04 billion in EBITDA. The liabilities of Constellation Energy Corporation were 35.34 billion at the end of its most recent quarter . The value of shareholders’ equity is $326.7 million.

Technical Picture

This quick technical analysis looks at Constellation Energy Corporation’s (CEG) price momentum. With a historical volatility rate of 51.79%, the RSI 9-day stood at 34.37% on 13 May.

With respect to its five-day moving average, the current Constellation Energy Corporation price is down by -9.39% percent or -$5.66. At present, CEG shares trade -12.69% below its 20-day simple moving average. However, the stock is currently trading approximately +10.28% above its SMA50.

Stochastic coefficient K was 10.40% and Stochastic coefficient D was 8.30%, while ATR was 2.96. Given the Stochastic reading of 16.60% for the 14-day period, the RSI (14) reading has been calculated as 40.09%. As of today, the MACD Oscillator reading stands at -2.86, while the 14-day reading stands at -3.48.

Analyst Ratings

Guggenheim upgraded its rating on Constellation Energy Corporation (NASDAQ: CEG) to a Buy in a note to investors on May 13, 2022. The analysts firm previously had a Neutral rating on the stock.Constellation Energy Corporation (CEG) has been rated Buy by analysts. According to 0 brokerage firms , CEG is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Constellation Energy Corporation stock as buy, with 12 recommending it as overweight.

With a median target price of $70.00, the current consensus forecast for the stock is $46.00 – $82.00. Based on these forecasts, analysts predict Constellation Energy Corporation (CEG) will achieve an average price target of $67.60.


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