In the past week, CEG stock has gone up by 0.09%, with a monthly decline of -6.28% and a quarterly plunge of -17.09%. The volatility ratio for the week is 4.57%, and the volatility levels for the last 30 days are 3.33% for Constellation Energy Corporation The simple moving average for the past 20 days is -5.57% for CEG’s stock, with a 4.49% simple moving average for the past 200 days.
Is It Worth Investing in Constellation Energy Corporation (NASDAQ: CEG) Right Now?
The price-to-earnings ratio for Constellation Energy Corporation (NASDAQ: CEG) is above average at 23.71x, Company’s 36-month beta value is 0.79.Analysts have differing opinions on the stock, with 7 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for CEG is 312.13M, and currently, short sellers hold a 1.65% ratio of that floaft. The average trading volume of CEG on September 10, 2024 was 3.40M shares.
CEG) stock’s latest price update
Constellation Energy Corporation (NASDAQ: CEG)’s stock price has soared by 1.73 in relation to previous closing price of 174.92. Nevertheless, the company has seen a gain of 0.09% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-09 that Constellation Energy’s explosive growth is driven by a perfect storm of reduced supply, surging demand, and regulatory bottlenecks, leading to high grid auction prices. A significant portion of CEG’s earnings growth is due to one-time factors, making the current 24X forward multiple appear overvalued. Future grid auction prices are expected to normalize, reducing CEG’s projected 2026 earnings from $9.47 to a stabilized $8.22 per share.
Analysts’ Opinion of CEG
Many brokerage firms have already submitted their reports for CEG stocks, with Barclays repeating the rating for CEG by listing it as a “Overweight.” The predicted price for CEG in the upcoming period, according to Barclays is $211 based on the research report published on August 08, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see CEG reach a price target of $240. The rating they have provided for CEG stocks is “Buy” according to the report published on July 19th, 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to CEG, setting the target price at $190 in the report published on February 28th of the current year.
CEG Trading at -6.86% 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 -24.70% of loss for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 4.57%, as shares sank -5.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.53% lower at present.
During the last 5 trading sessions, CEG fell by -0.34%, which changed the moving average for the period of 200-days by +44.62% in comparison to the 20-day moving average, which settled at $187.93. In addition, Constellation Energy Corporation saw 52.23% 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:
- 0.17 for the present operating margin
- 0.21 for the gross margin
The net margin for Constellation Energy Corporation stands at 0.11. The total capital return value is set at 0.08. Equity return is now at value 21.09, with 4.89 for asset returns.
Based on Constellation Energy Corporation (CEG), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -0.6. The debt to equity ratio resting at 0.8. The interest coverage ratio of the stock is 7.77.
Currently, EBITDA for the company is 3.67 billion with net debt to EBITDA at 1.42. When we switch over and look at the enterprise to sales, we see a ratio of 2.88. The receivables turnover for the company is 10.12for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.35.
Conclusion
In a nutshell, Constellation Energy Corporation (CEG) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
