Denison Mines Corp. (AMEX:DNN) saw an upside of 0.78% to close Monday at $1.29 after adding $0.01 on the day. The 5-day average trading volume is 3,622,200 shares of the company’s common stock. It has gained $1.3300 in the past week and touched a new high 3 times within the past 5 days. An average of 3,399,985 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,736,806.
DNN’s 1-month performance is 5.74% or $0.0700 on its low of $1.2000 reached on 07/28/23. The company’s shares have touched a 52-week low of $0.92 and high of $1.53, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, DNN has achieved 12.17% or $0.1400 and has reached a new high 14 times. However, the current price is down -15.69% from the 52-week high price.
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Valuation Metrics
DNN stock has a beta of 1.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 101.31 while the price-to-book (PB) in the most recent quarter is 3.15.
Denison Mines Corp.’s quick ratio for the period ended March 30 was 4.00, with the current ratio over the same period at 4.10. In terms of profitability, the gross margin trailing 12 months is 19.00%. The trailing 12-month EBITDA margin is -172.49%. The firm’s gross profit as reported stood at $4.09 million against revenue of $13.03 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected DNN to announce -$0.01 per share in earnings in its latest quarter, but it posted $0, representing a 100.00% surprise. EBITDA for the quarter stood at more than $0.51 million. DNN stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 60.57 million, with total debt at $0.56 million.
Let’s look briefly at Denison Mines Corp. (DNN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 60.33% to suggest the stock is trending Neutral, with historical volatility in this time period at 32.70%.
The stock’s 5-day moving average is $1.2740, reflecting a +0.78% or $0.0100 change from its current price. DNN is currently trading +5.74% above its 20-day SMA, +22.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +18.35% and SMA200 by+5.74%.
Stochastic %K and %D was 56.41% and 52.99% and the average true range (ATR) pointed at 0.0538. The RSI (14) points at 58.40%, while the 14-day stochastic is at 69.23% with the period’s ATR at 0.0528. The stock’s 9-day MACD Oscillator is pointing at 0.0122 and 0.0198 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Denison Mines Corp. (AMEX: DNN), TD Securities upgraded it to a Speculative buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for DNN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DNN as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is DNN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.25 and a high of $4.55, with their median price target at $2.05. Looking at these predictions, the average price target given by analysts is for Denison Mines Corp. (DNN) stock is $2.27.
