The trading price of Cameco Corporation (NYSE:CCJ) floating higher at last check on Wednesday, July 21, closing at $17.26, 3.11% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $16.15 and $16.8593. In examining the 52-week price action we see that the stock hit a 52-week high of $21.95 and a 52-week low of $9.01. Over the past month, the stock has lost -11.05% in value.
Cameco Corporation, whose market valuation is $6.88 billion at the time of this writing, is expected to release its quarterly earnings report Jul 27, 2021 – Aug 02, 2021. The dividend yield on the company stock is 0.36%, while its Forward Dividend ratio is 0.06. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.01 per share this quarter, however they have predicted annual earnings per share of $0.18 for 2018 and $0.44 for 2019. It means analysts are expecting annual earnings per share growth of 50.00% this year and 144.40% next year.
Analysts have forecast the company to bring in revenue of $252.94 million for the current quarter, with the likely lows of $217.63 million and highs of $277.52 million. The average estimate suggests sales will likely down by -18.20% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2018 is $1.5 billion. The company’s revenue is forecast to drop by -11.80% over what it did in 2018.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Cameco Corporation No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CCJ has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CCJ a recommendation rating is 11. Out of them, 6 rate it a Hold, while 3 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Cameco Corporation (CCJ) as Underweight, while 1 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CCJ’s price is currently -6.75% off the SMA20 and -11.41% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.05, and weekly volatility stands at 4.48%. When measured over the past 30 days, the indicator reaches 3.87%. Cameco Corporation (NYSE:CCJ)’s beta value is currently sitting at 1.03, while the Average True Range indicator is currently displaying 0.81. With analysts defining $1.65-$22.35 as the low and high price targets, we arrive at a consensus price target of $17.34 for the trailing 12-month period. The current price is about 90.44% off the estimated low and -29.49% off the forecast high, based on this estimate. Investors will be thrilled if CCJ’s share price rises to $18.69, which is the median consensus price. At that level, CCJ’s share price would be -8.29% below current price.
To see how Cameco Corporation stock has been performing today in comparison to its peers in the industry, here are the numbers: CCJ stock’s performance was 3.11% at last check in today’s session, and 39.97% in the past year, while BHP Group (BBL) has been trading 2.81% in recent session and positioned 33.91% higher than it was a year ago. Another comparable company BHP Group (BHP) saw its stock trading 2.60% higher in today’s session but was up 37.77% in a year. Furthermore, Denison Mines Corp. (DNN) showed an increase of 4.41% today while its price kept inclining at 141.59% over the past year. Cameco Corporation has a P/E ratio of 0, compared to BHP Group’s 22.00 and BHP Group’s 26.87. Also during today’s trading, the S&P 500 Index has surged 0.58%, while the Dow Jones Industrial also saw a positive session, up 0.66% today.
An evaluation of the daily trading volume of Cameco Corporation (NYSE:CCJ) indicates that the 3-month average is 4.76 million. However, this figure has increased over the past 10 days to an average of 4.63 million.
Currently, records show that 397.04 million of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 70.10%. The stats also highlight that short interest as of May 27, 2021, stood at 10.63 million shares, resulting in a short ratio of 2.1 at that time. From this, we can conclude that short interest is 2.67% of the company’s total outstanding shares. It is noteworthy that short shares in May were down slightly from the previous month’s figure, which was 11.85 million. However, since the stock’s price has seen 24.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.