Denison Mines Corp. (AMEX:DNN) traded at $1.20 at last check on Wednesday, November 23, made a downward move of -1.64% on its previous day’s price.
Looking at the stock we see that its previous close was $1.22 with the day’s price range being $1.16 – $1.22. The company has a trailing 12-month PE ratio of 76.25. In terms of its 52-week price range, DNN has a high of $1.83 and a low of $0.91. The company’s stock has gained about 2.52% over that past 30 days.
Denison Mines Corp. has a market cap of $1.01 billion and is expected to release its quarterly earnings report on Nov 02, 2022 – Nov 07, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at $0.01 for 2022 and -$0.02 for next year. These figures represent -50.00% and -300.00% growth in EPS for the two years respectively.
According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $11.62 million, or -24.90% down 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 Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of 50% Sell.
Looking further, we note the current price level is -1.80% off its SMA20 and -0.61% from its 50-day simple moving average. The RSI (14) is pointing at 48.78 while the volatility over the past week is 4.81% and jumps to 5.83% over the past one month. The beta value is 1.80, while the average true range (ATR) is currently pointing at 0.07.
Let’s briefly compare Denison Mines Corp. (DNN) stock to its peers. We find that today’s price change of -1.64% and -23.75% over the past 12 months for DNN competes that of Ur-Energy Inc. (URG), which has seen its stock price rise 0.40% in the latest trading session and is -19.23% over the last one year. Another of its peers Cameco Corporation (CCJ) has gained 0.63% today, and was -3.08% down over the past year, while Uranium Energy Corp. (UEC) is also down -1.43% yet, while its price remains in the red at -6.34% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.51% and 0.24%, respectively, in early deals.
Coming back to Denison Mines Corp. (AMEX:DNN), we note that the average 3-month trading volume was 6.27 million, while that of the preceding 10-day period stands at 4.3 million. Current shares outstanding are 819.23 million.
The insiders hold 12.00% of the company’s shares while institutions hold 7.30%. The data shows that short shares as of Oct 13, 2022, stood at 41.8 million at a short ratio of 7.51. This represents a 5.11% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 40.79 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -10.95% down in year-to-date price movement.