Constellation Energy Corporation (NASDAQ:CEG) shares, rose in value, with the stock price up by 2.94% to the previous day’s close as strong demand from buyers drove the stock to $243.55.
Actively observing the price movement in the recent trading, the stock is buoying the session at $236.60, falling within a range of $239.6317 and $248.13. The value of beta (5-year monthly) is 0.776 whereas the PE ratio is 26.88 over 12-month period. Referring to stock’s 52-week performance, its high was $288.75, and the low was $109.44. On the whole, CEG has fluctuated by 6.49% over the past month.
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With the market capitalization of Constellation Energy Corporation currently standing at about $76.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.41, with its dividend yield at 0.58%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 22.02B, with a low estimate of 1.39B and a high estimate of 6.47B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.21B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CEG’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.10, with the price of CEG currently trading nearly -0.40% and -3.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.55, while the 7-day volatility ratio is showing 4.07% which for the 30-day chart, stands at 4.17%. Furthermore, Constellation Energy Corporation (CEG)’s beta value is 0.71, and its average true range (ATR) is 10.46.
A comparison of Constellation Energy Corporation (CEG) with its peers suggests the former has fared considerably weaker in the market. CEG showed an intraday change of 2.94% in today’s session so far, and over the past year, it grew by 112.73%%.
Data on historical trading for Constellation Energy Corporation (NASDAQ:CEG) indicates that the trading volumes over the past 10 days have averaged 2.17 and over the past 3 months, they’ve averaged 3.39 million. According to company’s latest data on outstanding shares, there are 312.76 million shares outstanding.
Nearly 0.62% of Constellation Energy Corporation’s shares belong to company insiders and institutional investors own 82.27% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.49 million shares as on 2024-11-29, resulting in a short ratio of 1.85. According to the data, the short interest in Constellation Energy Corporation (CEG) stood at 236.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 4.7 million. The stock has risen by 108.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CEG stock heading into the next quarter.
