Cameco Corp (NYSE:CCJ) shares, rose in value on Thursday, February 13, with the stock price down by -1.11% to the previous day’s close as strong demand from buyers drove the stock to $49.08.
Actively observing the price movement in the last trading, the stock closed the session at $49.63. The PE ratio was 250.03 over 12-month period. Referring to stock’s 52-week performance, its high was $62.55, and the low was $35.43. On the whole, CCJ has fluctuated by 0.04% over the past month.
With the market capitalization of Cameco Corp currently standing at about $21.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.11, with its dividend yield at 0.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.01B, with a low estimate of 994M and a high estimate of 1.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.09B.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of CCJ currently trading nearly -3.34% and -6.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.51, while the 7-day volatility ratio is showing 3.10% which for the 30-day chart, stands at 4.21%. Furthermore, Cameco Corp (CCJ)’s beta value is 1.01, and its average true range (ATR) is 2.22.
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 -1.11% in last session, and over the past year, it grew by 12.47%%.
Data on historical trading for Cameco Corp (NYSE:CCJ) indicates that the trading volumes over the past 3 months, they’ve averaged 4.14 million. According to company’s latest data on outstanding shares, there are 435.18 million shares outstanding.
Nearly 0.41% of Cameco Corp’s shares belong to company insiders and institutional investors own 76.97% of the company’s shares. The stock has fallen by -4.50% 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.
