What Technical Indicators Show About Cameco Corporation (CCJ)?


Cameco Corporation (NYSE:CCJ) finished Thursday with an addition of $0.12 to close at $22.59, an upside of 0.53 percent. An average of 3,776,660 shares of common stock have been traded in the last five days. There was a gain of $0.48 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 4,323,850 shares traded, while the 50-day average volume stands at 4,863,522.

CCJ stock has decreased by -3.09% in the last month. The company shares reached their 1-month lowest point of $21.22 on 12/20/22. With the stock rallying to its 52-week high on 04/13/22, shares of the company touched a low of $18.03 and a high of $32.49 in 52 weeks. It has reached a new high 11 times so far this year and achieved 3.58% or $0.78 in price. In spite of this, the price is down -30.47% from the 52-week high.

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Valuation Metrics

Cameco Corporation (CCJ) has a trailing price-to-earnings (P/E) ratio of 106.06. The stock’s beta is 0.88. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 7.24, the price-to-book (PB) ratio at 2.51, and the price-to-cash flow ratio at 94.08.

The company has a payout ratio of 37.60%. The company’s most recent quarterly dividend payment was $0.0940 a share, representing a up of 44.84% from $0.0649 last year. Its latest increase dividend $0.0291 reported on Wednesday February 9 2022.

Financial Health

The quick ratio of Cameco Corporation for the three months ended September 29 was 4.00, and the current ratio was 5.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.20 and a total debt to equity ratio of 0.20 for the quarter ending September 29. Its gross profit as reported stood at $153.47 million compared to revenue of $1.18 billion.

Earnings Surprise

For the three-month period that ended September 29, Cameco Corporation had $2.81 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $56.68 million in the quarter, while revenues were shrunk -124.77%. The analyst consensus anticipated Cameco Corporation’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.02, a 0.00% surprise. For the quarter, EBITDA amounted to $52.94 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Cameco Corporation (CCJ) price momentum. RSI 9-day as of the close on 29 December was 54.12%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.63%.

As of today, CCJ’s price is $22.46 +2.17% or $0.48 from its 5-day moving average. CCJ is currently trading -7.34% lower than its 20-day SMA and -12.75% lower than its 100-day SMA. However, the stock’s current price level is -2.92% below the SMA50 and -9.64% below the SMA200.

The stochastic %K and %D were 76.48% and 76.41%, respectively, and the average true range (ATR) was 0.65. With the 14-day stochastic at 74.66% and the average true range at 0.72, the RSI (14) stands at 49.68%. The stock has reached 0.48 on the 9-day MACD Oscillator while the 14-day reading was at 0.54.

Analyst Ratings

RBC Capital Mkts upgraded Cameco Corporation (NYSE: CCJ) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform.


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