Cameco Corp. (NYSE:CCJ) shares, rose in value on Thursday, October 10, with the stock price down by -0.55% to the previous day’s close as strong demand from buyers drove the stock to $50.30.
Actively observing the price movement in the recent trading, the stock is buoying the session at $50.58, falling within a range of $49.92 and $50.565. The value of beta (5-year monthly) is 0.899 whereas the PE ratio is 114.97 over 12-month period. Referring to stock’s 52-week performance, its high was $56.24, and the low was $35.43. On the whole, CCJ has fluctuated by 25.81% over the past month.
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With the market capitalization of Cameco Corp. currently standing at about $21.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-29. The company’s Forward Dividend Ratio is 0.09, with its dividend yield at 0.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.23B, with a low estimate of 547.08M and a high estimate of 555.11M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 551.1M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CCJ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of CCJ currently trading nearly 7.62% and 18.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.47, while the 7-day volatility ratio is showing 3.30% which for the 30-day chart, stands at 3.15%. Furthermore, Cameco Corp. (CCJ)’s beta value is 0.90, and its average true range (ATR) is 1.56.
A comparison of Cameco Corp. (CCJ) with its peers suggests the former has fared considerably weaker in the market. CCJ showed an intraday change of -0.55% in today’s session so far, and over the past year, it grew by 33.25%%.
Data on historical trading for Cameco Corp. (NYSE:CCJ) indicates that the trading volumes over the past 10 days have averaged 4.58 and over the past 3 months, they’ve averaged 4.31 million. According to company’s latest data on outstanding shares, there are 434.18 million shares outstanding.
Nearly 0.38% of Cameco Corp.’s shares belong to company insiders and institutional investors own 77.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.76 million shares as on 2024-09-30, resulting in a short ratio of 4.17. The stock has risen by 16.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CCJ stock heading into the next quarter.
