CCJ Stock Summary and Trading Ideas (Cameco | NYSE:CCJ)

Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.

Cameco trades on the NYSE stock market under the symbol CCJ.

As of April 18, 2024, CCJ stock price declined to $48.14 with 221,163 million shares trading.

CCJ has a beta of 1.02, meaning it tends to be more sensitive to market movements. CCJ has a correlation of 0.11 to the broad based SPY ETF.

CCJ has a market cap of $20.90 billion. This is considered a Large Cap stock.

Last quarter Cameco reported $620 million in Revenue and $.15 earnings per share. This beat revenue expectation by $19 million and missed earnings estimates by -$.01.

In the last 3 years, CCJ stock traded as high as $52.64 and as low as $15.34.

The top ETF exchange traded funds that CCJ belongs to (by Net Assets): URA, URNM, INFL, NLR, VXUS.

CCJ has outperformed the market in the last year with a price return of +85.2% while the SPY ETF gained +22.5%. However, in the short term, CCJ had mixed performance relative to the market. It has underperformed in the last 3 months, returning +0.5% vs +6.3% return in SPY. But in the last 2 weeks, CCJ shares have fared better than the market returning -3.4% compared to SPY -3.7%.

CCJ support price is $46.90 and resistance is $49.92 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCJ stock will trade within this expected range on the day.