This is What Makes Constellation Energy Corporation Stocks A Gamechanger?

Constellation Energy Corporation [CEG] stock is trading at $189.87, up 1.52%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CEG shares have gain 13.64% over the last week, with a monthly amount drifted -12.44%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Constellation Energy Corporation [NASDAQ: CEG] stock has seen the most recent analyst activity on August 08, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $211. Previously, Argus started tracking the stock with Buy rating on July 19, 2024, and set its price target to $240. On February 28, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $190 on the stock. Seaport Research Partners downgraded its rating to a Neutral. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Credit Suisse downgraded its rating to Neutral for this stock on February 22, 2023, and downed its price target to $83. In a note dated February 21, 2023, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $104 to $88.

Constellation Energy Corporation [CEG] stock has fluctuated between $102.40 and $236.30 over the past year. Currently, Wall Street analysts expect the stock to reach $197 within the next 12 months. Constellation Energy Corporation [NASDAQ: CEG] shares were valued at $189.87 at the most recent close of the market. An investor can expect a potential return of 3.76% based on the average CEG price forecast.

Analyzing the CEG fundamentals

Constellation Energy Corporation [NASDAQ:CEG] reported sales of 22.23B for the trailing twelve months, which represents a growth of 4.37%. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.21 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.8.

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 185.26 points at the first support level, and at 180.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 192.29, and for the 2nd resistance point, it is at 194.71.

Ratios To Look Out For

For context, Constellation Energy Corporation’s Current Ratio is 1.35. In addition, the Quick Ratio stands at 1.10 and the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 2.67, the price to book ratio is 5.21 and price to earnings (TTM) ratio is 25.30.

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