As of Wednesday close, Denison Mines Corp.’s (AMEX:DNN) stock was down -$0.02, moving down -1.24 percent to $1.59. The average number of shares traded per day over the past five days has been 14,519,000 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0700 gain in that time frame. In the last twenty days, the average volume was 8,389,550, while in the previous 50 days, it was 5,834,420.
Since last month, DNN stock rose 11.19%. Shares of the company fell to $1.3300 on 08/24/23, the lowest level in the past month. A 52-week high of $1.68 was reached on 09/19/23 after having rallying from a 52-week low of $0.92. Since the beginning of this year, DNN’s stock price has risen by 38.26% or $0.4400, and marked a new high 19 times. However, the stock has declined by -5.31% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.82. Besides these, the trailing price-to-sales (P/S) ratio of 162.83, the price-to-book (PB) ratio of 3.98.
Financial Health
In the three months ended June 29, Denison Mines Corp.’s quick ratio stood at 3.50, while its current ratio was 3.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -0.10% percent. Based on annual data, DNN earned $4.09 million in gross profit and brought in $13.03 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.60%. Return on equity (ROE) for the past 12 months was -3.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Denison Mines Corp. to report -$0.01 quarterly earnings, the actual figure was $0 per share. During the quarter, the company generated $3.72 million in EBITDA. The liabilities of Denison Mines Corp. were 60.17 million at the end of its most recent quarter ended June 29, and its total debt was $0.51 million.
Technical Picture
This quick technical analysis looks at Denison Mines Corp.’s (DNN) price momentum. With a historical volatility rate of 31.89%, the RSI 9-day stood at 66.16% on 20 September.
With respect to its five-day moving average, the current Denison Mines Corp. price is up by +4.61% percent or $0.0700. At present, DNN shares trade +12.77% above its 20-day simple moving average and +50.00% percent above its 100-day simple moving average. However, the stock is currently trading approximately +28.23% above its SMA50 and +33.61% above its SMA200.
Stochastic coefficient K was 80.40% and Stochastic coefficient D was 88.65%, while ATR was 0.0684. Given the Stochastic reading of 70.21% for the 14-day period, the RSI (14) reading has been calculated as 66.13%. As of today, the MACD Oscillator reading stands at 0.0644, while the 14-day reading stands at 0.1117.
Analyst Ratings
TD Securities upgraded its rating on Denison Mines Corp. (AMEX: DNN) to a Speculative buy in a note to investors on May 27, 2022. The analysts firm previously had a Hold rating on the stock.Denison Mines Corp. (DNN) has been rated Overweight by analysts. According to 0 brokerage firms, DNN is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Denison Mines Corp. stock as buy, with 5 recommending it as overweight.
With a median target price of $2.03, the current consensus forecast for the stock is $1.22 – $4.55. Based on these forecasts, analysts predict Denison Mines Corp. (DNN) will achieve an average price target of $2.25.
