Cameco Corp. (NYSE: CCJ) has a price-to-earnings ratio of 86.93x that is above its average ratio. Additionally, the 36-month beta value for CCJ is 0.92. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
The public float for CCJ is 433.78M and currently, short sellers hold a 3.74% ratio of that float. The average trading volume of CCJ on August 05, 2024 was 3.31M shares.
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CCJ) stock’s latest price update
Cameco Corp. (NYSE: CCJ)’s stock price has gone decline by -7.29 in comparison to its previous close of 41.02, however, the company has experienced a -15.84% decrease in its stock price over the last five trading days. kitco.com reported 2024-07-31 that Michael McCrae is leading Kitco’s coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
CCJ’s Market Performance
Cameco Corp. (CCJ) has seen a -15.84% fall in stock performance for the week, with a -24.78% decline in the past month and a -21.46% plunge in the past quarter. The volatility ratio for the week is 5.30%, and the volatility levels for the past 30 days are at 4.01% for CCJ. The simple moving average for the last 20 days is -20.67% for CCJ’s stock, with a simple moving average of -17.71% for the last 200 days.
Analysts’ Opinion of CCJ
Goldman, on the other hand, stated in their research note that they expect to see CCJ reach a price target of $55. The rating they have provided for CCJ stocks is “Buy” according to the report published on April 01st, 2024.
CCJ Trading at -24.86% 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 -32.38% of loss for the given period.
Volatility was left at 4.01%, however, over the last 30 days, the volatility rate increased by 5.30%, as shares sank -23.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.22% lower at present.
During the last 5 trading sessions, CCJ fell by -15.84%, which changed the moving average for the period of 200-days by +5.11% in comparison to the 20-day moving average, which settled at $47.34. In addition, Cameco Corp. saw -11.76% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CCJ
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.22 for the gross margin
The net margin for Cameco Corp. stands at 0.1. The total capital return value is set at 0.05. Equity return is now at value 4.21, with 2.84 for asset returns.
Based on Cameco Corp. (CCJ), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 3.5.
Currently, EBITDA for the company is 497.86 million with net debt to EBITDA at 1.6. When we switch over and look at the enterprise to sales, we see a ratio of 9.05. The receivables turnover for the company is 15.24for trailing twelve months and the total asset turnover is 0.28. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.22.
Conclusion
In conclusion, Cameco Corp. (CCJ) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
