Denison Mines Corp (AMEX:DNN) saw an upside of 4.60% to $1.71 after adding $0.08 on Monday. The 5-day average trading volume is 10,190,781 shares of the company’s common stock. It has gained $1.7300 in the past week and touched a new high 3 times within the past 5 days. An average of 8,809,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,185,386.
DNN’s 1-month performance is 23.55% or $0.2890 on its low of $1.3700 reached on 08/30/23. The company’s shares have touched a 52-week low of $0.92 and high of $1.68, with the stock’s rally to the 52-week high happening on 09/25/23. YTD, DNN has achieved 48.26% or $0.5590 and has reached a new high 21 times. However, the current price is up 1.49% from the 52-week high price.
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Valuation Metrics
DNN stock has a beta of 1.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 179.95 while the price-to-book (PB) in the most recent quarter is 4.17.
Denison Mines Corp’s quick ratio for the period ended June 29 was 3.53, with the current ratio over the same period at 3.70. In terms of profitability, the gross margin trailing 12 months is -291.73%. The trailing 12-month EBITDA margin is -172.49% while for the period ending June 29, Denison Mines Corp’s operating margin was -367.00%. 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 June 29 this year, Net income and sales went up 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 $3.72 million. DNN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 60.17 million, with total debt at $0.51 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 22 September was 76.11% to suggest the stock is trending Overbought, with historical volatility in this time period at 40.10%.
The stock’s 5-day moving average is $1.6218, reflecting a +3.58% or $0.0590 change from its current price. DNN is currently trading +20.35% above its 20-day SMA, +65.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +37.82% and SMA200 by+58.24%.
Stochastic %K and %D was 80.29% and 74.37% and the average true range (ATR) pointed at 0.0794. The RSI (14) points at 73.11%, while the 14-day stochastic is at 94.00% with the period’s ATR at 0.0736. The stock’s 9-day MACD Oscillator is pointing at 0.0242 and 0.0857 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.
