The stock of Cameco Corp. (NYSE: CCJ) has decreased by -1.68 when compared to last closing price of 48.10.Despite this, the company has seen a loss of -2.13% in its stock price over the last five trading days. InvestorPlace reported 2024-04-22 that Amid escalating geopolitical flashpoints, a clear lesson is emerging for western economies, which may lead to a renaissance for alternative energy stocks. The world continues to run on hydrocarbons and that might not change in the foreseeable future.
Is It Worth Investing in Cameco Corp. (NYSE: CCJ) Right Now?
The price-to-earnings ratio for Cameco Corp. (NYSE: CCJ) is above average at 76.88x, Company’s 36-month beta value is 0.88.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for CCJ is 432.96M, and currently, short sellers hold a 4.62% ratio of that floaft. The average trading volume of CCJ on April 23, 2024 was 4.90M shares.
CCJ’s Market Performance
The stock of Cameco Corp. (CCJ) has seen a -2.13% decrease in the past week, with a 10.91% rise in the past month, and a 2.40% gain in the past quarter. The volatility ratio for the week is 3.44%, and the volatility levels for the past 30 days are at 4.33% for CCJ. The simple moving average for the last 20 days is 0.38% for CCJ’s stock, with a simple moving average of 15.26% for the last 200 days.
Analysts’ Opinion of CCJ
Many brokerage firms have already submitted their reports for CCJ stocks, with Goldman repeating the rating for CCJ by listing it as a “Buy.” The predicted price for CCJ in the upcoming period, according to Goldman is $55 based on the research report published on April 01, 2024 of the current year 2024.
CCJ Trading at 7.79% 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 -10.16% of loss for the given period.
Volatility was left at 4.33%, however, over the last 30 days, the volatility rate increased by 3.44%, as shares surge +9.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.75% upper at present.
During the last 5 trading sessions, CCJ fell by -2.13%, which changed the moving average for the period of 200-days by +61.45% in comparison to the 20-day moving average, which settled at $47.32. In addition, Cameco Corp. saw 9.72% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CCJ
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.19 for the gross margin
The net margin for Cameco Corp. stands at 0.14. The total capital return value is set at 0.04. Equity return is now at value 5.99, with 3.85 for asset returns.
Based on Cameco Corp. (CCJ), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 3.82.
Currently, EBITDA for the company is 497.86 million with net debt to EBITDA at 1.67. When we switch over and look at the enterprise to sales, we see a ratio of 11.34. The receivables turnover for the company is 6.11for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In a nutshell, Cameco Corp. (CCJ) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
