At the last check on Thursday, Constellation Energy Corporation’s (NASDAQ:CEG) stock was up $0.3, moving up 0.29 percent to $105.40. The average number of shares traded per day over the past five days has been 1,606,414 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 1,770,753, while in the previous 50 days, it was 1,999,043.
Since last month, CEG stock rose 11.27%. Shares of the company fell to $93.89 on 07/18/23, the lowest level in the past month. A 52-week high of $107.60 was reached on 08/14/23 after having rallying from a 52-week low of $71.16. Since the beginning of this year, CEG’s stock price has risen by 22.27% or $19.32, and marked a new high 26 times. However, the stock has declined by -2.04% since its 52-week high.
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Valuation Metrics
Right now, Constellation Energy Corporation (CEG) has a P/E ratio of about 44.21. The stock’s beta is 0.64. Besides these, the trailing price-to-sales (P/S) ratio of 1.27, the price-to-book (PB) ratio of 3.03.
The latest dividend of $0.2820 per share was paid out, remained unchanged from last year’s $0.2820. On Thursday February 16 2023, a $0.1410 dividend increase was announced.
Financial Health
In the three months ended June 29, Constellation Energy Corporation’s quick ratio stood at 1.20, while its current ratio was 1.40, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.55, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 27.90% percent. In the year ended June 29, EBITDA margin amounted to 11.95%, whereas operating margins totaled 1.80%. Based on annual data, CEG earned $495.0 million in gross profit and brought in $24.44 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.30%. Return on equity (ROE) for the past 12 months was 7.10%.
In Constellation Energy Corporation’s quarter-end financial report for June 29, it reported total debt of $6.16 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CEG’s revenue fell -0.35% to $7.57 billion during the quarter, while net income inched up to $5.45 billion. While analysts expected Constellation Energy Corporation to report $0.73 quarterly earnings, the actual figure was $2.56 per share, beating the consensus estimate by 250.70%. During the quarter, the company generated $1.28 billion in EBITDA. The liabilities of Constellation Energy Corporation were 34.95 billion at the end of its most recent quarter ended June 29, and its total debt was $7.2 billion. The value of shareholders’ equity is $321.59 million.
Technical Picture
This quick technical analysis looks at Constellation Energy Corporation’s (CEG) price momentum. With a historical volatility rate of 10.31%, the RSI 9-day stood at 69.09% on 16 August.
With respect to its five-day moving average, the current Constellation Energy Corporation price is down by -0.18% percent or -$0.19. At present, CEG shares trade +8.92% above its 20-day simple moving average and +43.70% percent above its 100-day simple moving average. However, the stock is currently trading approximately +17.84% above its SMA50 and +12.57% above its SMA200.
Stochastic coefficient K was 84.99% and Stochastic coefficient D was 89.32%, while ATR was 1.91. Given the Stochastic reading of 84.28% for the 14-day period, the RSI (14) reading has been calculated as 70.34%. As of today, the MACD Oscillator reading stands at 0.09, while the 14-day reading stands at 2.52.
Analyst Ratings
Constellation Energy Corporation downgraded its rating on Constellation Energy Corporation (NASDAQ: CEG) to a Sector weight in a note to investors on June 21, 2023. The analysts firm previously had an Overweight rating on the stock.Constellation Energy Corporation (CEG) has been rated Overweight by analysts. According to 0 brokerage firms, CEG is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Constellation Energy Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $106.00, the current consensus forecast for the stock is $97.00 – $125.00. Based on these forecasts, analysts predict Constellation Energy Corporation (CEG) will achieve an average price target of $109.00.
