Cameco Corporation [NYSE: CCJ] traded at a low on 04/07/21, posting a -2.42 loss after which it closed the day’ session at $17.32. The company report on March 26, 2021 that Taiga Motors Inc. To Build A New Mass-Production Assembly Facility Expected For 2022.
Taiga Motors Inc. (“Taiga”), a leading developer of electric off-road vehicles, announced plans to build a mass-production assembly facility in the City of Shawinigan, Québec. The first phase of construction, scheduled for completion in 2022, represents an investment to accelerate the mass-production of Taiga electric snowmobiles and personal watercrafts, as well as Taiga’s side-by-side vehicles, which are expected to be ready for production in 2022.
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“This facility, a part of the $185M in recently announced funding, will bolster Taiga into becoming a globally leading OEM for powersports vehicles,” said Samuel Bruneau, CEO of Taiga. “We have seen strong customer demand limited by product availability. This new facility shows Taiga’s continued commitment to be trailbreakers and offer electric vehicles capable of diving mass-market adoption without compromise.”.
The results of the trading session contributed to over 3630224 shares changing hands. Over the past one week, the price volatility of Cameco Corporation stands at 5.39% while the volatility over the past one month is 5.30%.
The market cap for CCJ stock reached $6.60 billion, with 395.87 million shares outstanding and 395.54 million shares in the current float. Compared to the average trading volume of 6.66M shares, CCJ reached a trading volume of 3630224 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cameco Corporation [CCJ]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCJ shares is $10.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCJ stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Cameco Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 11, 2021. The new note on the price target was released on December 17, 2020, representing the official price target for Cameco Corporation stock.
The Average True Range (ATR) for Cameco Corporation is set at 0.99, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 4.61. The Price to Book ratio for the last quarter was 1.74, with the Price to Cash per share for the same quarter was set at 1.97.
How has CCJ stock performed recently?
Cameco Corporation [CCJ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.91. With this latest performance, CCJ shares gained by 12.25% in over the last four-week period, additionally plugging by 75.13% over the last 6 months – not to mention a rise of 94.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCJ stock in for the last two-week period is set at 53.36, with the RSI for the last a single of trading hit 52.24, and the three-weeks RSI is set at 54.41 for Cameco Corporation [CCJ]. The present Moving Average for the last 50 days of trading for this stock 16.10, while it was recorded at 17.45 for the last single week of trading, and 12.27 for the last 200 days.
Cameco Corporation [CCJ]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cameco Corporation [CCJ] shares currently have an operating margin of -5.11 and a Gross Margin at +3.18. Cameco Corporation’s Net Margin is presently recorded at -2.95.
Return on Total Capital for CCJ is now -1.54, given the latest momentum, and Return on Invested Capital for the company is -0.89. Return on Equity for this stock declined to -1.07, with Return on Assets sitting at -0.71. When it comes to the capital structure of this company, Cameco Corporation [CCJ] has a Total Debt to Total Equity ratio set at 20.31. Additionally, CCJ Total Debt to Total Capital is recorded at 16.88, with Total Debt to Total Assets ending up at 13.29. Long-Term Debt to Equity for the company is recorded at 20.24, with the Long-Term Debt to Total Capital now at 16.82.
Receivables Turnover for the company is 6.61 with a Total Asset Turnover recorded at a value of 0.24.Cameco Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.20 and a Current Ratio set at 6.40.
Earnings analysis for Cameco Corporation [CCJ]
With the latest financial reports released by the company, Cameco Corporation posted -0.06/share EPS, while the average EPS was predicted by analysts to be reported at -0.01/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -500.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCJ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cameco Corporation go to 9.79%.
Insider trade positions for Cameco Corporation [CCJ]
There are presently around $4,236 million, or 70.10% of CCJ stock, in the hands of institutional investors. The top three institutional holders of CCJ stocks are: BEUTEL, GOODMAN & CO LTD. with ownership of 20,861,650, which is approximately -3.025% of the company’s market cap and around 0.20% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 20,145,790 shares of the stock with an approximate value of $348.93 million in CCJ stocks shares; and WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC, currently with $266.91 million in CCJ stock with ownership of nearly -0.128% of the company’s market capitalization.
Positions in Cameco Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 153 institutional holders increased their position in Cameco Corporation [NYSE:CCJ] by around 19,640,159 shares. Additionally, 132 investors decreased positions by around 17,204,175 shares, while 45 investors held positions by with 207,726,822 shares. The mentioned changes placed institutional holdings at 244,571,156 shares, according to the latest SEC report filing. CCJ stock had 57 new institutional investments in for a total of 9,145,013 shares, while 29 institutional investors sold positions of 2,311,408 shares during the same period.