Constellation Energy Corporation (NASDAQ:CEG) shares, rose in value on Friday, January 03, with the stock price up by 4.15% to the previous day’s close as strong demand from buyers drove the stock to $252.66.
Actively observing the price movement in the recent trading, the stock is buoying the session at $242.60, falling within a range of $244.35 and $254.1792. The value of beta (5-year monthly) is 0.776 whereas the PE ratio is 27.88 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 2.08% over the past month.
With the market capitalization of Constellation Energy Corporation currently standing at about $79.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.41, with its dividend yield at 0.56%.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 2.18, with the price of CEG currently trading nearly 7.37% and 4.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.80, while the 7-day volatility ratio is showing 3.38% which for the 30-day chart, stands at 3.62%. Furthermore, Constellation Energy Corporation (CEG)’s beta value is 0.77, and its average true range (ATR) is 9.34.
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 4.15% in today’s session so far, and over the past year, it grew by 118.10%%.
Data on historical trading for Constellation Energy Corporation (NASDAQ:CEG) indicates that the trading volumes over the past 10 days have averaged 2.51 and over the past 3 months, they’ve averaged 2.93 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 82.31% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.1 million shares as on 2024-12-13, resulting in a short ratio of 2.0. According to the data, the short interest in Constellation Energy Corporation (CEG) stood at 185.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 5.39 million. The stock has risen by 12.94% 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.
