Cameco Corp. [NYSE: CCJ] closed the trading session at $40.36.
The stocks have a year to date performance of -6.36 percent and weekly performance of -1.03 percent. The stock has been moved at -1.68 percent over the last six months. The stock has performed -13.19 percent around the most recent 30 days and changed -22.59 percent over the most recent 3-months.
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If compared to the average trading volume of 3.55M shares, CCJ reached to a volume of 3284607 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 $56.87 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 July 31, 2024. 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 1.67, with the Price to Sales ratio for CCJ stock in the period of the last 12 months amounting to 8.98. The Price to Book ratio for the last quarter was 3.88, with the Price to Cash per share for the same quarter was set at 0.61. Price to Free Cash Flow for CCJ in the course of the last twelve months was 52.02 with Quick ratio for the last quarter at 1.48.
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 -1.03. With this latest performance, CCJ shares dropped by -13.19% in over the last four-week period, additionally sinking by -1.68% over the last 6 months – not to mention a rise of 11.49% 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 40.57, with the RSI for the last a single of trading hit 42.99, and the three-weeks RSI is set at 40.21 for Cameco Corp. [CCJ]. The present Moving Average for the last 50 days of trading for this stock 46.39, while it was recorded at 40.93 for the last single week of trading, and 46.25 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 1.48 and a Current Ratio set at 3.22.
Earnings per share (EPS) analysis for Cameco Corp. [CCJ] stock
With the latest financial reports released by the company, Cameco Corp. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.09/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.15. 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.
Cameco Corp. [CCJ]: Institutional Ownership
There are presently around $76.04%, or 76.15%% of CCJ stock, in the hands of institutional investors. The top three institutional holders of CCJ stocks are: FMR LLC with ownership of 37.72 million shares, which is approximately 10.6914%. MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., holding 17.24 million shares of the stock with an approximate value of $$847.84 million in CCJ stocks shares; and MIRAE ASSET GLOBAL ETFS HOLDINGS LTD., currently with $$798.62 million in CCJ stock with ownership which is approximately 4.6007%.
