Cameco Corp. (NYSE:CCJ) price on current trading day, fall -1.84% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $39.99.
A look at the stock’s price movement, the level at last check in today’s session was $40.74, moving within a range at $39.6788 and $41.08. The beta value (5-Year monthly) was 0.877 while the PE ratio in trailing twelve months stood at 91.41. Turning to its 52-week performance, $56.24 and $35.18 were the 52-week high and 52-week low respectively. Overall, CCJ moved 0.35% over the past month.
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Cameco Corp.’s market cap currently stands at around $17.40 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-29. The company has a Forward Dividend ratio of 0.09, with its dividend yield at 0.22%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 564.34M for the company’s revenue for the quarter, with a low and high estimate of 550.14M and 578.55M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.25B, representing a 18.70% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CCJ is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 5 recommend CCJ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CCJ’s current price about -0.21% and -7.38% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.11, while 7-day volatility ratio is 3.96% and 3.52% in the 30-day chart. Further, Cameco Corp. (CCJ) has a beta value of 0.89, and an average true range (ATR) of 1.66. Analysts have given the company’s stock an average 52-week price target of $30.23840614, forecast between a low of $30.23840614 and high of $55. Looking at the price targets, the low is 24.39% off recent price level in today’s trading while to achieve the yearly target high, it has to move -37.53%. Nonetheless, investors will most likely welcome a 24.39% jump to $30.23840614 which is the analysts’ median price.
If we refocus on Cameco Corp. (NYSE:CCJ), historical trading data shows that trading volumes averaged 4.22 over the past 10 days and 3.77 million over the past 3 months. The company’s latest data on shares outstanding shows there are 434.18 million shares.
The 0.38% of Cameco Corp.’s shares are in the hands of company insiders while institutional holders own 77.05% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.47 million on 2024-08-30, giving us a short ratio of 3.6. Current price change has pushed the stock -7.22% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CCJ stock continues to rise going into the next quarter.
