As of Friday close, Cameco Corporation’s (NYSE:CCJ) stock was up $1.21, moving up 3.12 percent to $39.98. The average number of shares traded per day over the past five days has been 4,861,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.32 fall in that time frame. In the last twenty days, the average volume was 4,329,635, while in the previous 50 days, it was 4,143,132.
Since last month, CCJ stock rose 11.18%. Shares of the company fell to $35.15 on 08/25/23, the lowest level in the past month. A 52-week high of $41.65 was reached on 09/15/23 after having rallying from a 52-week low of $21.02. Since the beginning of this year, CCJ’s stock price has risen by 76.36% or $17.31, and marked a new high 39 times. However, the stock has declined by -4.01% since its 52-week high.
Valuation Metrics
Right now, Cameco Corporation (CCJ) has a P/E ratio of about 245.28. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 11.13, the price-to-book (PB) ratio of 3.92, and the price-to-cash flow ratio of 167.83 may also be considered.
The latest dividend of $0.0940 per share was paid out, which is 44.84% more than last year’s $0.0649. On Wednesday February 9 2022, a $0.0291 dividend increase was announced.
Financial Health
In the three months ended June 29, Cameco Corporation’s quick ratio stood at 3.00, while its current ratio was 3.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.08, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 17.70% percent. In the year ended June 29, EBITDA margin amounted to 11.64%, whereas operating margins totaled 2.60%. Based on annual data, CCJ earned $315.88 million in gross profit and brought in $1.44 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 0.60%. Return on equity (ROE) for the past 12 months was 1.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CCJ’s revenue fell -12.28% during the quarter, while net income inched up to $1.43 billion. While analysts expected Cameco Corporation to report $0.09 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by -111.10%. During the quarter, the company generated $57.92 million in EBITDA. The liabilities of Cameco Corporation were 2.0 billion at the end of its most recent quarter ended June 29, and its total debt was $1.13 billion.
Technical Picture
This quick technical analysis looks at Cameco Corporation’s (CCJ) price momentum. With a historical volatility rate of 30.10%, the RSI 9-day stood at 66.25% on 22 September.
With respect to its five-day moving average, the current Cameco Corporation price is down by -0.79% percent or -$0.32. At present, CCJ shares trade +11.89% above its 20-day simple moving average and +44.12% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.62% above its SMA50 and +76.51% above its SMA200.
Stochastic coefficient K was 61.16% and Stochastic coefficient D was 61.08%, while ATR was 1.25. Given the Stochastic reading of 70.96% for the 14-day period, the RSI (14) reading has been calculated as 67.27%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at 0.80.
Analyst Ratings
RBC Capital Mkts upgraded its rating on Cameco Corporation (NYSE: CCJ) to an Outperform in a note to investors on April 11, 2022. The analysts firm previously had a Sector perform rating on the stock.Cameco Corporation (CCJ) has been rated Overweight by analysts. According to 0 brokerage firms, CCJ is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Cameco Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $41.24, the current consensus forecast for the stock is $36.08 – $48.89. Based on these forecasts, analysts predict Cameco Corporation (CCJ) will achieve an average price target of $41.64.
