Cameco Corporation [CCJ] Is Currently -1.90 below its 200 Period Moving Avg: What Dose This Mean?

Cameco Corporation [NYSE: CCJ] plunged by -$0.33 during the normal trading session on Tuesday and reaching a high of $17.29 during the day while it closed the day at $17.04. The company report on July 7, 2021 that Cameco, GE Hitachi and Global Nuclear Fuel to Examine Potential Collaboration to Support BWRX-300 Small Modular Reactor Deployment.

Cameco (TSX: CCO; NYSE: CCJ), GE Hitachi Nuclear Energy (GEH) and Global Nuclear Fuel-Americas (GNF-A) have entered into a Memorandum of Understanding to explore several areas of cooperation to advance the commercialization and deployment of BWRX-300 small modular reactors (SMRs) in Canada and around the world.

Cameco Corporation stock has also gained 1.79% of its value over the past 7 days. However, CCJ stock has inclined by 1.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 31.68% and gained 27.16% year-on date.

The market cap for CCJ stock reached $6.85 billion, with 397.04 million shares outstanding and 397.00 million shares in the current float. Compared to the average trading volume of 4.63M shares, CCJ reached a trading volume of 3166839 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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.

BMO Capital Markets have made an estimate for Cameco Corporation shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on May 10, 2021. The new note on the price target was released on February 11, 2021, representing the official price target for Cameco Corporation stock.

The Average True Range (ATR) for Cameco Corporation is set at 0.68, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 4.93. The Price to Book ratio for the last quarter was 1.71, with the Price to Cash per share for the same quarter was set at 2.07.

CCJ stock trade performance evaluation

Cameco Corporation [CCJ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.79. With this latest performance, CCJ shares dropped by -14.59% in over the last four-week period, additionally plugging by 31.68% over the last 6 months – not to mention a rise of 40.48% 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 37.76, with the RSI for the last a single of trading hit 37.18, and the three-weeks RSI is set at 40.27 for Cameco Corporation [CCJ]. The present Moving Average for the last 50 days of trading for this stock 19.27, while it was recorded at 17.21 for the last single week of trading, and 15.35 for the last 200 days.

Cameco Corporation [CCJ]: An insightful look at the core 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.

Reflecting on the efficiency of the workforce at the company, Cameco Corporation [CCJ] managed to generate an average of -$27,534 per employee. 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 5.90 and a Current Ratio set at 8.20.

Earnings per share (EPS) analysis for Cameco Corporation [CCJ] stock

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 49.03%.

Cameco Corporation [CCJ]: Insider Ownership positions

There are presently around $4,085 million, or 70.10% of CCJ stock, in the hands of institutional investors. The top three institutional holders of CCJ stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 19,973,001, which is approximately -0.858% of the company’s market cap and around 0.20% of the total institutional ownership; WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC, holding 15,628,923 shares of the stock with an approximate value of $266.32 million in CCJ stocks shares; and VANGUARD GROUP INC, currently with $201.72 million in CCJ stock with ownership of nearly 3.445% of the company’s market capitalization.

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Positions in Cameco Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 180 institutional holders increased their position in Cameco Corporation [NYSE:CCJ] by around 40,279,062 shares. Additionally, 141 investors decreased positions by around 45,300,944 shares, while 42 investors held positions by with 154,143,082 shares. The mentioned changes placed institutional holdings at 239,723,088 shares, according to the latest SEC report filing. CCJ stock had 63 new institutional investments in for a total of 13,763,272 shares, while 45 institutional investors sold positions of 11,720,833 shares during the same period.

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