Investors Should Take Note Of Constellation Energy Corporation (CEG)

Constellation Energy Corporation (CEG) concluded trading on Thursday at a closing price of $208.50, with 3.43 million shares of worth about $715.59 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 18.66% during that period and on September 19, 2024 the price saw a gain of about 4.08%. 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 9.78% in past 5 days and over the past one month there was a price change of 9.32%. Year-to-date (YTD), CEG shares are showing a performance of 78.37% which increased to 88.62% 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 3.30 million. The stock is currently trading 9.85% above its 20-day simple moving average (SMA20), while that difference is up 10.41% for SMA50 and it goes to 20.69% 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 82.77% of that.

The stock has a current market capitalization of $65.20B and its 3Y-monthly beta is at 0.74. PE ratio of stock for trailing 12 months is 27.79, while it has posted earnings per share of $7.50 in the same period. Its PEG reads 1.90 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 3.54% while standing at 3.54% over the month.

Stock’s fiscal year EPS is expected to rise by 43.89% while it is estimated to increase by 10.64% 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 Jefferies on September 13, 2024 offering a Hold rating for the stock and assigned a target price of $186 to it. Coverage by Barclays stated Constellation Energy Corporation (CEG) stock as an Overweight in their note to investors on August 08, 2024, suggesting a price target of $211 for the stock. On July 19, 2024, Argus Initiated their recommendations, while on February 28, 2024, KeyBanc Capital Markets Upgrade their ratings for the stock with a price target of $190. Stock get a Neutral rating from Seaport Research Partners on November 29, 2023.

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