Denison Mines Corp (AMEX:DNN) shares, rose in value on Friday, April 05, with the stock price up by 2.31% to the previous day’s close as strong demand from buyers drove the stock to $2.21.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.16. The value of beta (5-year monthly) is 1.90 whereas the PE ratio is 50.23 over 12-month period. Referring to stock’s 52-week performance, its high was $2.24, and the low was $0.98. On the whole, DNN has fluctuated by 21.43% over the past month.
With the market capitalization of Denison Mines Corp currently standing at about $1.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.01, which is expected to increase to -$0.01 for fiscal year -$0.03 and then to about -$0.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be -137.50% in 2025, while the next year’s EPS growth is forecast to be -33.30%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $3.33 million, representing an increase of 142.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that DNN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of DNN currently trading nearly 13.95% and 14.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.90, while the 7-day volatility ratio is showing 4.80% which for the 30-day chart, stands at 4.74%. Furthermore, Denison Mines Corp (DNN)’s beta value is 1.67, and its average true range (ATR) is 0.09.
A comparison of Denison Mines Corp (DNN) with its peers suggests the former has fared considerably weaker in the market. DNN showed an intraday change of 2.31% in today’s session so far, and over the past year, it grew by 114.56%%.
Data on historical trading for Denison Mines Corp (AMEX:DNN) indicates that the trading volumes over the past 10 days have averaged 14.22 million and over the past 3 months, they’ve averaged 14.56 million. According to company’s latest data on outstanding shares, there are 890.97 million shares outstanding.
Nearly 1.48% of Denison Mines Corp’s shares belong to company insiders and institutional investors own 45.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.34 million shares as on Mar 15, 2024, resulting in a short ratio of 3.08. According to the data, the short interest in Denison Mines Corp (DNN) stood at 5.01% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 40.17 million. The stock has risen by 24.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DNN stock heading into the next quarter.
