The price-to-earnings ratio for Constellation Energy Corporation (NASDAQ: CEG) is above average at 38.05x. The 36-month beta value for CEG is also noteworthy at 0.76. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for CEG is 312.12M, and at present, short sellers hold a 2.08% of that float. The average trading volume of CEG on October 07, 2024 was 3.54M shares.
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CEG) stock’s latest price update
The stock price of Constellation Energy Corporation (NASDAQ: CEG) has surged by 2.94 when compared to previous closing price of 277.37, but the company has seen a 11.10% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-06 that Nuclear power plant restarts are in the news, suggesting a rebirth of this clean energy source. Here are three ways to play it.
CEG’s Market Performance
Constellation Energy Corporation (CEG) has experienced a 11.10% rise in stock performance for the past week, with a 62.16% rise in the past month, and a 32.35% rise in the past quarter. The volatility ratio for the week is 3.96%, and the volatility levels for the past 30 days are at 4.37% for CEG. The simple moving average for the past 20 days is 26.30% for CEG’s stock, with a 58.19% simple moving average for the past 200 days.
Analysts’ Opinion of CEG
Many brokerage firms have already submitted their reports for CEG stocks, with Jefferies repeating the rating for CEG by listing it as a “Hold.” The predicted price for CEG in the upcoming period, according to Jefferies is $186 based on the research report published on September 13, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CEG reach a price target of $211. The rating they have provided for CEG stocks is “Overweight” according to the report published on August 08th, 2024.
Argus gave a rating of “Buy” to CEG, setting the target price at $240 in the report published on July 19th of the current year.
CEG Trading at 41.75% 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 able to rebound, for now settling with 2.15% of gains for the given period.
Volatility was left at 4.37%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares surge +64.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.53% upper at present.
During the last 5 trading sessions, CEG rose by +11.10%, which changed the moving average for the period of 200-days by +139.21% in comparison to the 20-day moving average, which settled at $231.69. In addition, Constellation Energy Corporation saw 144.26% 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 4.38. 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 summary, Constellation Energy Corporation (CEG) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
