Cameco Corp. [NYSE: CCJ] surged by $1.21 during the normal trading session on while it closed the day at $45.49.
Cameco Corp. stock has also loss -2.15% of its value over the past 7 days. However, CCJ stock has declined by -0.31% in the 3 months of the year. Over the past six months meanwhile, it has lost -5.03% and gained 5.55% year-on date.
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The market cap for CCJ stock reached $19.77 billion, with 434.18 million shares outstanding and 433.23 million shares in the current float. Compared to the average trading volume of 3.23M shares, CCJ reached a trading volume of 5973178 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 Corp. [CCJ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCJ shares is $56.77 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 1.23. 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.
Cantor Fitzgerald have made an estimate for Cameco Corp. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on Aug-01-24. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 01, 2024, representing the official price target for Cameco Corp. stock.
The Average True Range (ATR) for Cameco Corp. is set at 1.77, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 10.53. The Price to Book ratio for the last quarter was 4.37, with the Price to Cash per share for the same quarter was set at 0.55. Price to Free Cash Flow for CCJ in the course of the last twelve months was 82.67 with Quick ratio for the last quarter at 0.69.
CCJ stock trade performance evaluation
Cameco Corp. [CCJ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.15. With this latest performance, CCJ shares dropped by -9.42% in over the last four-week period, additionally sinking by -5.03% over the last 6 months – not to mention a rise of 29.38% 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 39.37, with the RSI for the last a single of trading hit 38.69, and the three-weeks RSI is set at 41.19 for Cameco Corp. [CCJ]. The present Moving Average for the last 50 days of trading for this stock 50.87, while it was recorded at 44.84 for the last single week of trading, and 46.19 for the last 200 days.
Cameco Corp. [CCJ]: An insightful look at the core fundamentals
Cameco Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.69 and a Current Ratio set at 1.42.
Cameco Corp. [CCJ]: Institutional Ownership
The top three institutional holders of CCJ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in CCJ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in CCJ stock with ownership which is approximately 5.1238%.
