Denison Mines Corp (AMEX:DNN) traded at $2.10 at last check on Monday, April 08, made a downward move of -2.10% on its previous day’s price.
Looking at the stock we see that its previous close was $2.14 and the beta (5Y monthly) reads 1.90. The company has a trailing 12-month PE ratio of 47.61. In terms of its 52-week price range, DNN has a high of $2.24 and a low of $0.98. The company’s stock has gained about 6.89% over that past 30 days.
Denison Mines Corp has a market cap of $1.87 billion and is expected to release its quarterly earnings report on May 08, 2024 – May 13, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at -$0.03 for 2024 and -$0.04 for next year. These figures represent -137.50% and -33.30% growth in EPS for the two years respectively.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $3.31 million, or 142.50% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the DNN stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 7.52% off its SMA20 and 8.15% from its 50-day simple moving average. The RSI (14) is pointing at 59.70 while the volatility over the past week is 5.33% and jumps to 4.85% over the past one month. The beta value is 1.68, while the average true range (ATR) is currently pointing at 0.10.
Coming back to Denison Mines Corp (AMEX:DNN), we note that the average 3-month trading volume was 14.71 million, while that of the preceding 10-day period stands at 14.85 million. Current shares outstanding are 890.97 million.
The insiders hold 1.48% of the company’s shares while institutions hold 44.97%. The data shows that short shares as of Mar 15, 2024, stood at 42.34 million at a short ratio of 3.08. This represents a 5.01% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 40.17 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 18.36% up in year-to-date price movement.
