Constellation Energy Corporation (NASDAQ:CEG) shares, rose in value on Thursday, February 13, with the stock price down by -0.74% to the previous day’s close as strong demand from buyers drove the stock to $311.49.
Actively observing the price movement in the last trading, the stock closed the session at $313.80. The PE ratio was 34.37 over 12-month period. Referring to stock’s 52-week performance, its high was $352.00, and the low was $126.73. On the whole, CEG has fluctuated by 7.83% over the past month.
With the market capitalization of Constellation Energy Corporation currently standing at about $97.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.41, with its dividend yield at 0.45%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 23.21B, with a low estimate of 1.51B and a high estimate of 6.55B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.75B.
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 1.54, with the price of CEG currently trading nearly -0.23% and 14.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.54, while the 7-day volatility ratio is showing 3.62% which for the 30-day chart, stands at 5.11%. Furthermore, Constellation Energy Corporation (CEG)’s beta value is 0.83, and its average true range (ATR) is 16.69.
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 -0.74% in last session, and over the past year, it grew by 142.39%%.
Data on historical trading for Constellation Energy Corporation (NASDAQ:CEG) indicates that the trading volumes over the past 3 months, they’ve averaged 3.72 million. According to company’s latest data on outstanding shares, there are 312.76 million shares outstanding.
Nearly 0.20% of Constellation Energy Corporation’s shares belong to company insiders and institutional investors own 84.03% of the company’s shares. The stock has risen by 39.24% 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.
