The stock of Cameco Corp. (CCJ) has seen a 12.99% increase in the past week, with a 41.24% gain in the past month, and a 21.87% flourish in the past quarter. The volatility ratio for the week is 4.27%, and the volatility levels for the past 30 days are at 3.33% for CCJ. The simple moving average for the last 20 days is 14.49% for CCJ’s stock, with a simple moving average of 24.73% for the last 200 days.
Is It Worth Investing in Cameco Corp. (NYSE: CCJ) Right Now?
The price-to-earnings ratio for Cameco Corp. (NYSE: CCJ) is 132.62x, which is above its average ratio. Moreover, the 36-month beta value for CCJ is 0.90. Analysts have varying opinions 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 433.50M and currently, short sellers hold a 4.33% of that float. On October 21, 2024, CCJ’s average trading volume was 4.49M shares.
CCJ) stock’s latest price update
The stock of Cameco Corp. (NYSE: CCJ) has increased by 2.38 when compared to last closing price of 56.67.Despite this, the company has seen a gain of 12.99% in its stock price over the last five trading days. fool.com reported 2024-10-20 that Popular renewable energy sources just aren’t growing fast enough for the world to reach its current carbon-reduction goals.
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 30.70% 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 able to rebound, for now settling with 0.82% of gains for the given period.
Volatility was left at 3.33%, however, over the last 30 days, the volatility rate increased by 4.27%, as shares surge +30.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +48.20% upper at present.
During the last 5 trading sessions, CCJ rose by +12.99%, which changed the moving average for the period of 200-days by +39.77% in comparison to the 20-day moving average, which settled at $50.68. In addition, Cameco Corp. saw 34.62% 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:
- 0.16 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 3.36.
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 13.54. 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 wrap up, the performance of Cameco Corp. (CCJ) has been better in recent times. The stock has received a bullish of “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.
