At the time of writing, Constellation Energy Corporation [CEG] stock is trading at $155.76, up 16.92%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CEG shares have gain 18.18% over the last week, with a monthly amount glided 28.44%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, Constellation Reports Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, Earnings Release Highlights.
From an analyst’s perspective:
Constellation Energy Corporation [NASDAQ: CEG] stock has seen the most recent analyst activity on November 29, 2023, when Seaport Research Partners downgraded its rating to a Neutral. Previously, KeyBanc Capital Markets downgraded its rating to Sector Weight on June 21, 2023. On February 22, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $83 on the stock. BofA Securities downgraded its rating to a Neutral and decreased its price target to $88 on February 21, 2023. RBC Capital Mkts downgraded its rating to a Sector Perform and raised its price target to $91 on January 17, 2023. Credit Suisse started tracking with a Outperform rating for this stock on October 03, 2022, and assigned it a price target of $98. In a note dated August 05, 2022, UBS upgraded an Buy rating on this stock and boosted its target price from $54 to $97.
For the past year, the stock price of Constellation Energy Corporation fluctuated between $71.16 and $135.20. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. Constellation Energy Corporation [NASDAQ: CEG] shares were valued at $155.76 at the most recent close of the market. An investor can expect a potential drop of -42.86% based on the average CEG price forecast.
Analyzing the CEG fundamentals
According to Constellation Energy Corporation [NASDAQ:CEG], the company’s sales were 23.00B for trailing twelve months, which represents an -20.96% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 141.62 points at the first support level, and at 127.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.29, and for the 2nd resistance point, it is at 170.81.
Constellation Energy Corporation [CEG] reported earnings per share of $2.26 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.42/share, meaning a difference of $0.84 and a surprise factor of 59.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $2.56 per share as compared to estimates of $0.73 per share, a difference of $1.83 representing a surprise of 250.70%.
Ratios To Look Out For
It is important to note that Constellation Energy Corporation [NASDAQ:CEG] has a current ratio of 1.88. Further, the Quick Ratio stands at 1.61, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.16, the price to book ratio is 4.26 and price to earnings (TTM) ratio is 31.11.
