Constellation Energy Corporation (CEG) shares projected to rise by 9.29%

A share price of Constellation Energy Corporation [CEG] is currently trading at $180.25, up 3.05%. An important factor to consider is whether the stock is rising or falling in short-term value. The CEG shares have gain 1.39% over the last week, with a monthly amount drifted -5.07%, and not seem to be holding up well over a long-time horizon.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

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 experienced fluctuations in its stock price throughout the past year between $102.40 and $236.30. Currently, Wall Street analysts expect the stock to reach $197 within the next 12 months. Constellation Energy Corporation [NASDAQ: CEG] shares were valued at $180.25 at the most recent close of the market. An investor can expect a potential return of 9.29% based on the average CEG price forecast.

Analyzing the CEG fundamentals

Trailing Twelve Months sales for Constellation Energy Corporation [NASDAQ:CEG] were 22.23B which represents 4.37% growth. 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 175.67 points at the first support level, and at 171.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.02, and for the 2nd resistance point, it is at 185.78.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Constellation Energy Corporation [NASDAQ:CEG] is 1.35. On the other hand, the Quick Ratio is 1.10, and the Cash Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.54, the price to book ratio is 4.94 and price to earnings (TTM) ratio is 24.02.

Related Posts