Cameco Corp (NYSE: CCJ)’s stock price has decreased by -5.80 compared to its previous closing price of 61.06. However, the company has seen a -2.23% decrease in its stock price over the last five trading sessions. marketbeat.com reported 2024-12-09 that Investors may have thought that the technology sector’s wave of excitement and innovation would stop at the semiconductor industry as a support lever for artificial intelligence, but that’s far from the truth. The biggest names in technology are now looking to invest in alternative energy sources, primarily nuclear energy, as the next frontier of efficiency.
Is It Worth Investing in Cameco Corp (NYSE: CCJ) Right Now?
Cameco Corp (NYSE: CCJ) has a higher price-to-earnings ratio of 293.02x compared to its average ratio, The 36-month beta value for CCJ is at 0.92. Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 6 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for CCJ is 433.32M, and currently, shorts hold a 4.17% of that float. The average trading volume for CCJ on December 10, 2024 was 4.58M shares.
CCJ’s Market Performance
The stock of Cameco Corp (CCJ) has seen a -2.23% decrease in the past week, with a 7.35% rise in the past month, and a 52.57% gain in the past quarter. The volatility ratio for the week is 4.26%, and the volatility levels for the past 30 days are at 4.60% for CCJ. The simple moving average for the past 20 days is 0.06% for CCJ’s stock, with a 19.00% 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 5.29% 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 -8.04% of loss for the given period.
Volatility was left at 4.60%, however, over the last 30 days, the volatility rate increased by 4.26%, as shares surge +9.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.88% upper at present.
During the last 5 trading sessions, CCJ fell by -2.23%, which changed the moving average for the period of 200-days by +43.12% in comparison to the 20-day moving average, which settled at $57.49. In addition, Cameco Corp saw 33.46% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CCJ starting from Gitzel Timothy S., who proposed sale 50,000 shares at the price of $61.14 back on Dec 05 ’24. After this action, Gitzel Timothy S. now owns shares of Cameco Corp, valued at $3,057,000 using the latest closing price.
Quinn Sean A., the Officer of Cameco Corp, proposed sale 13,400 shares at $60.93 during a trade that took place back on Nov 21 ’24, which means that Quinn Sean A. is holding shares at $816,462 based on the most recent closing price.
Stock Fundamentals for CCJ
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.21 for the gross margin
The net margin for Cameco Corp stands at 0.04. The total capital return value is set at 0.04. Equity return is now at value 1.87, with 1.28 for asset returns.
Based on Cameco Corp (CCJ), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is 2.32.
Currently, EBITDA for the company is 799.52 million with net debt to EBITDA at 1.75. When we switch over and look at the enterprise to sales, we see a ratio of 13.09. The receivables turnover for the company is 8.96for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.88.
Conclusion
In conclusion, Cameco Corp (CCJ) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
