Constellation Energy Corporation (NASDAQ:CEG) saw an upside of 1.58% to $112.10 after adding $1.74 on Monday. The 5-day average trading volume is 1,285,648 shares of the company’s common stock. It has gained $111.90 in the past week and touched a new high 2 times within the past 5 days. An average of 1,628,307 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,699,463.
CEG’s 1-month performance is 4.84% or $6.03 on its low of $103.77 reached on 08/31/23. The company’s shares have touched a 52-week low of $71.16 and high of $112.68, with the stock’s rally to the 52-week high happening on 09/15/23. YTD, CEG has achieved 30.03% or $25.69 and has reached a new high 31 times. However, the current price is down -0.51% from the 52-week high price.
Valuation Metrics
CEG stock has a beta of 0.65. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 3.21.
Constellation Energy Corporation’s quick ratio for the period ended June 29 was 1.18, with the current ratio over the same period at 1.45. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.64. In terms of profitability, the gross margin trailing 12 months is 0.26%. The trailing 12-month EBITDA margin is 11.95% while for the period ending June 29, Constellation Energy Corporation’s operating margin was -1.99%. The firm’s gross profit as reported stood at $495.0 million against revenue of $24.44 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 113.33% to $833.0 million, while revenue of $96.0 million was 88.48% off the previous quarter. Analysts expected CEG to announce $0.73 per share in earnings in its latest quarter, but it posted $2.56, representing a 250.70% surprise. EBITDA for the quarter stood at more than $1.28 billion. CEG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 34.95 billion, with total debt at $7.2 billion. Shareholders hold equity totaling $321.59 million.
Let’s look briefly at Constellation Energy Corporation (CEG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 September was 65.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.78%.
The stock’s 5-day moving average is $110.57, reflecting a +1.05% or $1.16 change from its current price. CEG is currently trading +5.70% above its 20-day SMA, +45.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.79% and SMA200 by+23.27%.
Stochastic %K and %D was 73.71% and 70.70% and the average true range (ATR) pointed at 2.03. The RSI (14) points at 64.70%, while the 14-day stochastic is at 88.34% with the period’s ATR at 2.05. The stock’s 9-day MACD Oscillator is pointing at 0.15 and 0.91 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Constellation Energy Corporation (NASDAQ: CEG), KeyBanc Capital Markets downgraded it to a Sector weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for CEG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CEG as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 8 have offered a “buy” rating.
What is CEG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $97.00 and a high of $125.00, with their median price target at $111.00. Looking at these predictions, the average price target given by analysts is for Constellation Energy Corporation (CEG) stock is $110.91.
