The Week Ahead: Are Investors Really Too Optimistic About Cameco Corp (NYSE: CCJ)

Cameco Corp (NYSE:CCJ) currently has a daily average trading volume of 4.11M but it saw 5393206 shares traded in last market. With a market cap of 21.65B USD, the company’s current market price of $49.74 came rising about 3.30 while comparing to the previous closing price of $48.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $62.55 and as low as $35.00.

Taking a look at 20-day trading activity of Cameco Corp (CCJ) gives us an average price of $43.33, while its current price level is -20.48% below from 52-week high level whereas it is 42.11% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $42.68 while that of 200 days or SMA-200 reads an average of $47.51. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.22% during that period while stretching the period over a month that increases to 4.62%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 71.11 which implies that the stock is in overbought territory.

Over the week, CCJ’s stock price is moving 10.17% up while it is 33.85% when we observe its performance for the past one month. Year-to-date it is -3.21% down and over the past year, the stock is showing an upside performance of 2.75%.

Currently, Cameco Corp’s total number of outstanding shares is 435.32M with 0.14% of that held by the insiders while 72.98% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.40% and return on equity (ROE) at 3.93%. It has a price to earnings ratio (P/E ratio) of 122.18 while having a 31.49 of forward P/E ratio. Stock’s beta reads 0.88. Stock has a price to book (P/B) ratio of 4.80 while price to sale or P/S ratio amounts to 9.17. Its return on asset (ROA) is 2.62% on average.

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