The stock of Cameco Corp. (NYSE: CCJ) has decreased by -1.63 when compared to last closing price of 50.22. Despite this, the company has experienced a -1.28% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-01 that Cameco may see multiple years of over 30% earnings growth driven by the Nuclear energy re-birth. Supply contract terms support higher realized uranium prices and margin expansion. The Westinghouse acquisition integrates Cameco into the nuclear power plant design, construction, and service sector.
Is It Worth Investing in Cameco Corp. (NYSE: CCJ) Right Now?
Cameco Corp. (NYSE: CCJ) has a higher price-to-earnings ratio of 123.32x compared to its average ratio. CCJ has 36-month beta value of 0.91. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for CCJ is 433.23M, and currently, short sellers hold a 4.29% ratio of that float. The average trading volume of CCJ on July 02, 2024 was 3.70M shares.
CCJ’s Market Performance
The stock of Cameco Corp. (CCJ) has seen a -1.28% decrease in the past week, with a -11.01% drop in the past month, and a 3.61% gain in the past quarter. The volatility ratio for the week is 3.47%, and the volatility levels for the past 30 days are at 3.28% for CCJ. The simple moving average for the past 20 days is -5.20% for CCJ’s stock, with a 9.35% simple moving average for the past 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 -3.65% 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 -12.16% of loss for the given period.
Volatility was left at 3.28%, however, over the last 30 days, the volatility rate increased by 3.47%, as shares sank -8.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.72% upper at present.
During the last 5 trading sessions, CCJ fell by -1.26%, which changed the moving average for the period of 200-days by +23.87% in comparison to the 20-day moving average, which settled at $51.87. In addition, Cameco Corp. saw 14.62% 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
- 0.2 for the gross margin
The net margin for Cameco Corp. stands at 0.09. The total capital return value is set at 0.04. Equity return is now at value 3.91, with 2.60 for asset returns.
Based on Cameco Corp. (CCJ), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is 3.45.
Currently, EBITDA for the company is 497.86 million with net debt to EBITDA at 2.25. When we switch over and look at the enterprise to sales, we see a ratio of 12.14. The receivables turnover for the company is 10.91for trailing twelve months and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.42.
Conclusion
To put it simply, Cameco Corp. (CCJ) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
