Constellation Energy Corporation (NASDAQ: CEG) has experienced a decline in its stock price by -2.73 compared to its previous closing price of 172.68. However, the company has seen a fall of -11.54% in its stock price over the last five trading days. zacks.com reported 2024-07-30 that Constellation Energy Corporation (CEG) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Constellation Energy Corporation (NASDAQ: CEG) Right Now?
Constellation Energy Corporation (NASDAQ: CEG) has a higher price-to-earnings ratio of 22.42x compared to its average ratio, The 36-month beta value for CEG is at 0.76. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CEG is 314.67M, and currently, shorts hold a 1.27% of that float. The average trading volume for CEG on July 30, 2024 was 3.33M shares.
CEG’s Market Performance
CEG stock saw a decrease of -11.54% in the past week, with a monthly decline of -16.13% and a quarterly a decrease of -10.94%. The volatility ratio for the week is 4.65%, and the volatility levels for the last 30 days are 4.40% for Constellation Energy Corporation (CEG). The simple moving average for the past 20 days is -15.43% for CEG’s stock, with a 4.71% simple moving average for the past 200 days.
Analysts’ Opinion of CEG
Many brokerage firms have already submitted their reports for CEG stocks, with Argus repeating the rating for CEG by listing it as a “Buy.” The predicted price for CEG in the upcoming period, according to Argus is $240 based on the research report published on July 19, 2024 of the current year 2024.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see CEG reach a price target of $190. The rating they have provided for CEG stocks is “Overweight” according to the report published on February 28th, 2024.
CEG Trading at -19.55% from the 50-Day Moving Average
After a stumble in the market that brought CEG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.92% of loss for the given period.
Volatility was left at 4.40%, however, over the last 30 days, the volatility rate increased by 4.65%, as shares sank -17.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.52% lower at present.
During the last 5 trading sessions, CEG fell by -10.58%, which changed the moving average for the period of 200-days by +47.54% in comparison to the 20-day moving average, which settled at $196.85. In addition, Constellation Energy Corporation saw 43.70% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CEG
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.18 for the gross margin
The net margin for Constellation Energy Corporation stands at 0.11. The total capital return value is set at 0.06. Equity return is now at value 21.99, with 4.91 for asset returns.
Based on Constellation Energy Corporation (CEG), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -0.51. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 6.61.
Currently, EBITDA for the company is 3.67 billion with net debt to EBITDA at 1.59. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 9.69for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.43.
Conclusion
In conclusion, Constellation Energy Corporation (CEG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
