In today’s recent session, 0.66 million shares of the Constellation Energy Corporation (NASDAQ:CEG) have been traded, and its beta is 0.75. Most recently the company’s share price was $188.43, and it changed around $0.18 or 0.09% from the last close, which brings the market valuation of the company to $59.38B. CEG at last check was trading at a discount to its 52-week high of $198.83, offering almost -5.52% off that amount. The share price’s 52-week low was $74.91, which indicates that the recent value has risen by an impressive 60.25% since then. We note from Constellation Energy Corporation’s average daily trading volume that its 3-month average coming to 2.50 million.
Constellation Energy Corporation (NASDAQ:CEG) trade information
Instantly CEG has been showing a green trend so far today with a performance of 0.09% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 61.20% year-to-date, but still up 1.63% over the last five days. On the other hand, Constellation Energy Corporation (NASDAQ:CEG) is 0.62% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $89, which translates to bulls needing to decrease their stock price by -111.72% from its current value. Analyst projections state that CEG is forecast to be at a low of $69 and a high of $116.
Constellation Energy Corporation (CEG) estimates and forecasts
Constellation Energy Corporation share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 68.07 percent over the past six months and at a 48.30% annual growth rate that is well above the industry average of 8.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 451.70% in revenue this quarter, and will report a decrease of -34.40% in the next quarter. The year-over-year growth rate is expected to be 0.90%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $7.86 billion in revenue for the current quarter. 3 analysts expect Constellation Energy Corporation to make $4.98 billion in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $7.57 billion. Analysts predict that the company’s current quarter sales will jump, forecast at 3.90%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 34.63%. Constellation Energy Corporation earnings are expected to increase by 36.34% in 2024, but the outlook is positive 26.30% per year for the next five years.
CEG Dividends
Constellation Energy Corporation’s next quarterly earnings report is expected to be released in May. The annual dividend yield of the stock is 0.64 percent and its annual dividend per share was 1.20. It is important to note, however, that the 0.64% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
