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Cameco Corporation (CCJ) and the Battle of Fundamentals vs. Technicals

Cameco Corporation (NYSE:CCJ) went up by 2.17% from its latest closing price compared to the recent 1-year high of $32.49. The company’s stock price has collected 5.41% of gains in the last five trading sessions. Barron’s reported on 10/12/22 that Cameco Tumbles After Buying Stake in Westinghouse Electric

Is It Worth Investing in Cameco Corporation (NYSE :CCJ) Right Now?

Cameco Corporation (NYSE:CCJ) scored a price-to-earnings ratio above its average ratio, recording 124.98 x from its present earnings ratio. Plus, the 36-month beta value for CCJ is at 0.90.

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CCJ currently public float of 431.58M and currently shorts hold a 3.99% ratio of that float. Today, the average trading volume of CCJ was 4.68M shares.

CCJ’s Market Performance

CCJ stocks went up by 5.41% for the week, with a monthly jump of 23.43% and a quarterly performance of 15.82%, while its annual performance rate touched 25.56%. The volatility ratio for the week stands at 3.73% while the volatility levels for the past 30 days are set at 3.10% for Cameco Corporation. The simple moving average for the period of the last 20 days is 12.38% for CCJ stocks with a simple moving average of 8.63% for the last 200 days.

Analysts’ Opinion of CCJ

BofA Securities gave a rating of “Buy” to CCJ, setting the target price at $32 in the report published on November 03rd of the previous year.

CCJ Trading at 14.69% from the 50-Day Moving Average

After a stumble in the market that brought CCJ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.30% of loss for the given period.

Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares surge +21.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.81% upper at present.

During the last 5 trading sessions, CCJ rose by +5.41%, which changed the moving average for the period of 200-days by -5.19% in comparison to the 20-day moving average, which settled at $24.15. In addition, Cameco Corporation saw 18.53% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CCJ

Equity return is now at value 2.40, with 1.60 for asset returns.

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