Constellation Energy Corporation (NASDAQ: CEG) Not A Good Play Anymore?

Constellation Energy Corporation (CEG) concluded trading on Thursday at a closing price of $251.84, with 3.51 million shares of worth about $883.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.87% during that period and on November 21, 2024 the price saw a gain of about 6.97%. Currently the company’s common shares owned by public are about 317.00M shares, out of which, 312.20M shares are available for trading.

Stock saw a price change of 11.74% in past 5 days and over the past one month there was a price change of -5.34%. Year-to-date (YTD), CEG shares are showing a performance of 115.45% which increased to 105.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $109.44 but also hit the highest price of $288.75 during that period. The average intraday trading volume for Constellation Energy Corporation shares is 3.39 million. The stock is currently trading 3.88% above its 20-day simple moving average (SMA20), while that difference is up 0.51% for SMA50 and it goes to 23.28% 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 83.06% of that.

The stock has a current market capitalization of $78.77B and its 3Y-monthly beta is at 0.71. PE ratio of stock for trailing 12 months is 27.79, while it has posted earnings per share of $9.06 in the same period. Its PEG reads 2.17 and has Quick Ratio of 1.43 while making debt-to-equity ratio of 0.67. 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 4.66% while standing at 3.62% over the month.

Stock’s fiscal year EPS is expected to rise by 47.05% while it is estimated to increase by 9.59% in next year. EPS is likely to shrink at an annualized rate of 12.80% 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 JP Morgan on October 17, 2024 offering an Overweight rating for the stock and assigned a target price of $342 to it. Coverage by Citigroup stated Constellation Energy Corporation (CEG) stock as a Neutral in their note to investors on October 15, 2024, suggesting a price target of $284 for the stock. On September 13, 2024, Jefferies Initiated their recommendations, while on August 08, 2024, Barclays Initiated their ratings for the stock with a price target of $211. Stock get a Buy rating from Argus on July 19, 2024.

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