Constellation Energy Corporation (CEG) concluded trading on Thursday ata closing price of $190.39, with 3.93 million shares of worth about $748.31 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.97% during that period and on August 15, 2024 the price saw a gain of about 2.28%. Currently the company’s common shares owned by public are about 317.00M shares, out of which, 312.13M shares are available for trading.
Stock saw a price change of 1.80% in past 5 days and over the past one month there was a price change of 1.99%. Year-to-date (YTD), CEG shares are showing a performance of 62.88% which increased to 79.21% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $102.40 but also hit the highest price of $236.30 during that period. The average intraday trading volume for Constellation Energy Corporation shares is 3.61 million. The stock is currently trading 5.08% above its 20-day simple moving average (SMA20), while that difference is down -4.53% for SMA50 and it goes to 15.80% higher than SMA200.
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Constellation Energy Corporation (NASDAQ: CEG) currently have 317.00M outstanding shares and institutions hold larger chunk of about 82.34% of that.
The stock has a current market capitalization of $59.53B and its 3Y-monthly beta is at 0.75. PE ratio of stock for trailing 12 months is 25.37, while it has posted earnings per share of $7.50 in the same period. Its PEG reads 1.74 and has Quick Ratio of 1.10 while making debt-to-equity ratio of 0.80. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CEG, volatility over the week remained 3.56% while standing at 5.77% over the month.
Analysts are in expectations that Constellation Energy Corporation (CEG) stock would likely to be making an EPS of 2.55 in the current quarter, while forecast for next quarter EPS is 1.85 and it is 8.68 for next year. For the current quarter EPS, analysts have given the company a lowest target 2.34 which is 2.69 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 2.26 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 43.46% while it is estimated to increase by 11.46% in next year. EPS is likely to shrink at an annualized rate of 14.60% for next 5-years, compared to annual growth of 34.63% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on August 08, 2024 offering an Overweight rating for the stock and assigned a target price of $211 to it. Coverage by Argus stated Constellation Energy Corporation (CEG) stock as a Buy in their note to investors on July 19, 2024, suggesting a price target of $240 for the stock. Stock get a Sector weight rating from KeyBanc Capital Markets on June 21, 2023.
