Denison Mines Corp. (AMEX:DNN) finished Thursday with a subtraction of -$0.03 to close at $1.31, a downside of -2.24 percent. An average of 5,081,920 shares of common stock have been traded in the last five days. There was a gain of $0.0600 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 3,777,915 shares traded, while the 50-day average volume stands at 3,889,572.
DNN stock has increased by 5.65% in the last month. The company shares reached their 1-month lowest point of $1.2000 on 07/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.92 and a high of $1.53 in 52 weeks. It has reached a new high 14 times so far this year and achieved 13.91% or $0.1600 in price. In spite of this, the price is down -14.38% from the 52-week high.
Valuation Metrics
Denison Mines Corp. (DNN) stock’s beta is 1.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 102.89, the price-to-book (PB) ratio at 3.20.
Financial Health
The quick ratio of Denison Mines Corp. for the three months ended March 30 was 4.00, and the current ratio was 4.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Denison Mines Corp.’s EBITDA margin for the year ending March 30 is -172.49%. Its gross profit as reported stood at $4.09 million compared to revenue of $13.03 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Denison Mines Corp.’s return on assets was -5.80%.
Earnings Surprise
The analyst consensus anticipated Denison Mines Corp.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be $0, a 100.00% surprise. For the quarter, EBITDA amounted to $0.51 million. At the end of the quarter ending March 30, Denison Mines Corp.’s stock balance sheet showed total liabilities of 60.57 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Denison Mines Corp. (DNN) price momentum. RSI 9-day as of the close on 10 August was 59.72%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.91%.
As of today, DNN’s price is $1.3060 +4.80% or $0.0600 from its 5-day moving average. DNN is currently trading +2.34% higher than its 20-day SMA and +27.18% higher than its 100-day SMA. However, the stock’s current price level is +27.18% above the SMA50 and +6.50% above the SMA200.
The stochastic %K and %D were 78.28% and 77.85%, respectively, and the average true range (ATR) was 0.0625. With the 14-day stochastic at 53.66% and the average true range at 0.0587, the RSI (14) stands at 58.79%. The stock has reached 0.0300 on the 9-day MACD Oscillator while the 14-day reading was at 0.0486.
Analyst Ratings
TD Securities upgraded Denison Mines Corp. (AMEX: DNN) to a a Speculative buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for Denison Mines Corp. (DNN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DNN, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 others rate it as a “buy”.
What is DNN’s price target for the next 12 months?
Analysts predict a range of price targets between $1.23 and $4.55, with a median target of $2.05. Taking a look at these predictions, the average price target given by analysts for Denison Mines Corp. (DNN) stock is $2.26.
