The stock of Constellation Energy Corporation (NASDAQ:CEG) decreased by -$0.2 on Tuesday to finish at $110.54, down -0.18 percent. The last five days have seen an average of 2,364,220 shares of common stock traded. 31 times new highs were reached in the current year, with a gain of $24.33. The average number of shares traded over the last 20 days was 1,683,135, while the average volume over the last 50 days totaled 1,720,660.
CEG stock appreciated 5.51% since last month. On 08/31/23, the company’s shares reached a one-month low of $103.77. The stock touched a high of $112.68 on 09/15/23, after rallying from a low of $71.16 in 52 weeks. The price of CEG stock has risen by 28.22% or $24.33 this year, reaching a new high 31 times. Still, the stock price is down -1.90% from the 52-week high.
Valuation Metrics
Constellation Energy Corporation (CEG) has a trailing price-to-earnings (P/E) ratio of 46.37. Beta for the stock is 0.67. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.38, the price-to-book (PB) ratio of 3.18.
Company paid $0.2820 per share in dividends, remained unchanged from $0.2820 last year. A $0.1410 dividend increase was reported on Thursday February 16 2023.
Financial Health
For the three months ended June 29, Constellation Energy Corporation’s quick ratio was 1.20, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.55, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 27.90% percent. Constellation Energy Corporation’s EBITDA margin for the year ended June 29 was 11.95%, whereas its operating margin stood at 1.80% for the same period. Based on annual data, it had gross profit of $495.0 million and revenue of $24.44 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CEG’s return on assets (ROA) during the last 12 months has been 1.70%. There was a 5.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.10%.
Earnings Surprise
According to Constellation Energy Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $5.45 billion, while revenues fell by -0.35% to $7.57 billion. It was predicted that Constellation Energy Corporation’s quarterly earnings would be $2.56, but it ended up being $0.73, beating the consensus by 250.70%. EBITDA was $1.28 billion for the quarter. At the end of Constellation Energy Corporation’s most recent quarter ended June 29, its liabilities totaled 34.95 billion, while its total debt was $7.2 billion. Equity owned by shareholders amounts to $321.59 million.
Technical Picture
Here’s a quick look at Constellation Energy Corporation’s (CEG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 60.52%, suggesting the stock is Neutral, with a 23.17% historical volatility rate.
The stochastic %K and %D were 74.45% and 79.20% respectively, while the average true range (ATR) was 2.16. Based on the 14-day stochastic reading of 75.98%, the RSI (14) reading is 61.79%. On the 9-day MACD Oscillator, the stock is at 0.56, and the 14-day reading is at 1.94.
Analyst Ratings
Constellation Energy Corporation (NASDAQ: CEG) was downgraded by KeyBanc Capital Markets to a a Sector weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Constellation Energy Corporation (CEG) an Overweight rating. CEG is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 8 others recommend it as a buy.
What is CEG’s price target for the next 12 months?
The current consensus forecast for the stock is between $97.00 and $125.00, with a median target price of $106.00. In analyzing these forecasts, the average price target given by analysts for Constellation Energy Corporation (CEG) is $109.36.
