Cameco Corporation (NYSE:CCJ) saw an upside of 3.98% to close Monday at $36.05 after adding $1.38 on the day. The 5-day average trading volume is 3,916,580 shares of the company’s common stock. It has gained $36.21 in the past week and touched a new high 3 times within the past 5 days. An average of 4,228,670 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,212,678.
CCJ’s 1-month performance is 10.45% or $3.41 on its low of $31.58 reached on 08/02/23. The company’s shares have touched a 52-week low of $21.02 and high of $35.24, with the stock’s rally to the 52-week high happening on 08/21/23. YTD, CCJ has achieved 59.02% or $13.38 and has reached a new high 28 times. However, the current price is up 2.31% from the 52-week high price.
Valuation Metrics
CCJ stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 9.97 while the price-to-book (PB) in the most recent quarter is 3.54, with the price to cash flow ratio at 150.98.
Cameco Corporation’s quick ratio for the period ended June 29 was 3.00, with the current ratio over the same period at 3.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.08, while the total debt to equity was 0.17. In terms of profitability, the gross margin trailing 12 months is 17.70%. The trailing 12-month EBITDA margin is 11.64% while for the period ending June 29, Cameco Corporation’s operating margin was 2.60%. The firm’s gross profit as reported stood at $315.88 million against revenue of $1.44 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -124.77% to $56.68 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected CCJ to announce $0.09 per share in earnings in its latest quarter, but it posted -$0.01, representing a -111.10% surprise. EBITDA for the quarter stood at more than $57.92 million. CCJ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 2.0 billion, with total debt at $1.13 billion.
Let’s look briefly at Cameco Corporation (CCJ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 72.19% to suggest the stock is trending Overbought, with historical volatility in this time period at 26.47%.
The stock’s 5-day moving average is $34.54, reflecting a +3.59% or $1.25 change from its current price. CCJ is currently trading +9.34% above its 20-day SMA, +42.43% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.77% and SMA200 by+52.56%.
Stochastic %K and %D was 82.97% and 74.10% and the average true range (ATR) pointed at 1.07. The RSI (14) points at 67.81%, while the 14-day stochastic is at 96.54% with the period’s ATR at 1.06. The stock’s 9-day MACD Oscillator is pointing at 0.39 and 0.69 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cameco Corporation (NYSE: CCJ), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for CCJ stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CCJ as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.
What is CCJ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $36.72 and a high of $41.22, with their median price target at $38.79. Looking at these predictions, the average price target given by analysts is for Cameco Corporation (CCJ) stock is $38.64.
