Are You Looking To Buy Constellation Energy Corporation (CEG)? First, Read This

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Constellation Energy Corporation (NASDAQ:CEG) finished Wednesday with a subtraction of -$0.47 to close at $87.28, a downside of -0.54 percent. An average of 4,213,200 shares of common stock have been traded in the last five days. There was a fall of -$0.77 in the past week. The last 20 days have seen an average of 2,576,185 shares traded, while the 50-day average volume stands at 2,576,786.

CEG stock has increased by 9.58% in the last month. The company shares reached their 1-month lowest point of $78.98 on 08/30/22. Shares of the company touched a low of $38.00 and a high of $90.18 in 52 weeks. In spite of this, the price is down -3.22% from the 52-week high.


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Valuation Metrics

Constellation Energy Corporation (CEG) has a trailing price-to-earnings (P/E) ratio of 44.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.38, the price-to-book (PB) ratio at 2.59.

Financial Health

The quick ratio of Constellation Energy Corporation for the three months ended June 29 was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.44 for the quarter ending June 29. Its gross profit as reported stood at -$346.0 million compared to revenue of $19.65 billion.

Earnings Surprise

For the three-month period that ended June 29, Constellation Energy Corporation had $4.51 billion in total debt. The analyst consensus anticipated Constellation Energy Corporation’s latest quarter earnings to come in at $0.54 per share, but it turned out to be -$0.34, a -163.00% surprise. For the quarter, EBITDA amounted to $877.0 million. Shareholders own equity worth $326.85 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Constellation Energy Corporation (CEG) price momentum. RSI 9-day as of the close on 21 September was 59.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 32.69%.

As of today, CEG’s price is $87.35 -0.87% or -$0.77 from its 5-day moving average. CEG is currently trading +9.44% higher than its 20-day SMA and +42.36% higher than its 100-day SMA. However, the stock’s current price level is +47.36% above the SMA50.

The stochastic %K and %D were 80.82% and 81.13%, respectively, and the average true range (ATR) was 2.54. With the 14-day stochastic at 68.55% and the average true range at 2.52, the RSI (14) stands at 62.53%. The stock has reached 0.70 on the 9-day MACD Oscillator while the 14-day reading was at 2.32.

Analyst Ratings

UBS upgraded Constellation Energy Corporation (NASDAQ: CEG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Constellation Energy Corporation (CEG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CEG, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.

What is CEG’s price target for the next 12 months?

Analysts predict a range of price targets between $54.00 and $105.00, with a median target of $91.00. Taking a look at these predictions, the average price target given by analysts for Constellation Energy Corporation (CEG) stock is $87.60.

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