The stock of Cameco Corp. (NYSE: CCJ) has increased by 5.57 when compared to last closing price of 40.36.Despite this, the company has seen a gain of 5.84% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-25 that North American investors jumped back into uranium stocks like Cameco after Kazakhstan reported lower uranium production guidance, signaling potential supply shortages. Cameco remains a strong nuclear energy proxy with top-tier assets, strategic partnerships, and solid financials, poised to benefit from growing global demand. Despite high valuation, expected earnings growth, potential supply shortages, and geopolitical tensions support a bullish long-term outlook for Cameco and the uranium sector.
Is It Worth Investing in Cameco Corp. (NYSE: CCJ) Right Now?
Cameco Corp. (NYSE: CCJ) has a price-to-earnings ratio that is above its average at 97.39x. The stock has a 36-month beta value of 0.90. Opinions on the stock are mixed, 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 433.53M, and at present, short sellers hold a 3.74% of that float. On August 26, 2024, the average trading volume of CCJ was 3.55M shares.
CCJ’s Market Performance
CCJ stock saw a decrease of 5.84% in the past week, with a monthly decline of -4.42% and a quarterly a decrease of -17.57%. The volatility ratio for the week is 3.07%, and the volatility levels for the last 30 days are 4.05% for Cameco Corp. (CCJ). The simple moving average for the past 20 days is 4.68% for CCJ’s stock, with a -7.88% simple moving average for the past 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 -8.15% 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 -24.24% of loss for the given period.
Volatility was left at 4.05%, however, over the last 30 days, the volatility rate increased by 3.07%, as shares sank -5.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.75% lower at present.
During the last 5 trading sessions, CCJ rose by +5.84%, which changed the moving average for the period of 200-days by +4.41% in comparison to the 20-day moving average, which settled at $40.58. In addition, Cameco Corp. saw -1.14% 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 9.84. 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
To sum up, Cameco Corp. (CCJ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
