Cameco Corp (NYSE:CCJ) shares, rose in value on Wednesday, May 07, with the stock price up by 3.30% to the previous day’s close as strong demand from buyers drove the stock to $49.74.
Actively observing the price movement in the last trading, the stock closed the session at $48.15. The PE ratio was 122.18 over 12-month period. Referring to stock’s 52-week performance, its high was $62.55, and the low was $35.00. On the whole, CCJ has fluctuated by 33.85% over the past month.
With the market capitalization of Cameco Corp currently standing at about $21.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. 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 3.39B, with a low estimate of 611.9M and a high estimate of 934M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 826.4M.
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 Hold 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.07, with the price of CCJ currently trading nearly 14.81% and 16.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.11, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 4.62%. Furthermore, Cameco Corp (CCJ)’s beta value is 0.88, and its average true range (ATR) is 1.98.
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 3.30% in last session, and over the past year, it grew by 2.75%%.
Data on historical trading for Cameco Corp (NYSE:CCJ) indicates that the trading volumes over the past 3 months, they’ve averaged 4.11 million. According to company’s latest data on outstanding shares, there are 435.32 million shares outstanding.
Nearly 0.34% of Cameco Corp’s shares belong to company insiders and institutional investors own 75.43% of the company’s shares. The stock has fallen by -3.21% 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.
