Exelon Corporation (NASDAQ:EXC) Stock is Plummeting, Here is Why

Exelon Corporation (NASDAQ:EXC) Stock is Plummeting, Here is Why


The Exelon Corporation (EXC) shares are trading at lower $37.00 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $47.13.

To add more color to this target, the company’s high over the last year is $50.54 and the low is $29.28. Over the last 52 weeks, EXC is down -26.79% while the S&P 500 is down -1.03%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EXC reported a profit of $1.22 billion. Exelon Corporation also saw revenues increase to $8.75 billion. In addition, EXC has free cash flow of -$936.0 million as of 03-2020 The company’s EBITDA came in at $2.6 billion which compares well with its peers.

EXC booked profit margins of 9.20%, its Return on Equity (ROE) is 9.70%, and its Return on Assets is 2.50%. All told, it is clear that, EXC needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EXC has a short ratio of 1.65 and outstanding shares of 975.00M.

Company Outlook

EXC has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.76 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.17. Exelon Corporation EXC also noted assets of $124.68 billion at the end of the last quarter. Investors should also keep an eye on sector updates as EXC has historically followed its peers on positive news.

All told, Exelon Corporation EXC has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EXC represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Exelon Corporation EXC is now commanding a market cap of 35.94B and a float of 971.92M. EXC is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EXC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in EXC, either long or short, and we have not been compensated for this article.