Cameco Corp. (NYSE:CCJ) price closed lower on Tuesday, April 16, dropping -0.27% below its previous close.
A look at the daily price movement shows that the last close reads $48.32. The company’s P/E ratio in the trailing 12-month period read 78.34. Taking into account the 52-week price action we note that the stock hit a 52-week high of $52.64 and 52-week low of $25.11. The stock added 17.22% on its value in the past month.
Cameco Corp., which has a market valuation of $20.92 billion. The company stock has a Forward Dividend ratio of 0.09, while the dividend yield is 0.18%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CCJ a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.62. The overview shows that CCJ’s price is at present 5.10% off the SMA20 and 9.84% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.84, with weekly volatility standing at 5.74%. The indicator jumps to 4.36% when calculated based on the past 30 days. Cameco Corp. (NYSE:CCJ)’s beta value is holding at 0.90, while the average true range (ATR) indicator is currently reading 2.17.
An analysis of the Cameco Corp. (NYSE:CCJ) stock in terms of its daily trading volume indicates that the 3-month average is 5.17 million.
Current records show that the company has 434.18M in outstanding shares. The insiders’ percentage holdings are 0.28% of outstanding shares while the percentage share held by institutions stands at 75.66%. But the 11.81% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
