Constellation Energy Corporation [CEG] stock prices are up 3.53% to $175.99 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The CEG shares have gain 32.10% over the last week, with a monthly amount glided 37.89%, 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 February 28, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $190 for it. Previously, Seaport Research Partners downgraded its rating to Neutral on November 29, 2023. On June 21, 2023, downgrade downgraded it’s rating to Sector Weight. Credit Suisse downgraded its rating to a Neutral and decreased its price target to $83 on February 22, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $88 on February 21, 2023. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on January 17, 2023, and upped its price target to $91. In a note dated October 03, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $98 on this stock.
The stock price of Constellation Energy Corporation [CEG] has been fluctuating between $71.16 and $171.31 over the past year. Currently, Wall Street analysts expect the stock to reach $89 within the next 12 months. Constellation Energy Corporation [NASDAQ: CEG] shares were valued at $175.99 at the most recent close of the market. An investor can expect a potential drop of -49.43% based on the average CEG price forecast.
Analyzing the CEG fundamentals
The Constellation Energy Corporation [NASDAQ:CEG] reported sales of 22.07B for trailing twelve months, representing a drop of -33.67%. Gross Profit Margin for this corporation currently stands at 0.12% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.15 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.85.
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 171.40 points at the first support level, and at 166.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 178.81, and for the 2nd resistance point, it is at 181.63.
Ratios To Look Out For
It’s worth pointing out that Constellation Energy Corporation [NASDAQ:CEG]’s Current Ratio is 1.31. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.53, the price to book ratio is 5.11 and price to earnings (TTM) ratio is 35.15.
