Denison Mines Corp (AMEX:DNN) price closed higher on current market day and jumping 6.73% above its previous close.
A look at the daily price movement shows that the last close reads $2.23, with intraday deals fluctuated between $2.21 and $2.4. The company’s 5Y monthly beta was ticking 1.893 while its P/E ratio in the trailing 12-month period read 54.09. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.47 and 52-week low of $1.40. The stock added 50.63% on its value in the past month.
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Denison Mines Corp, which has a market valuation of $2.12 billion, is expected to release its quarterly earnings report in November.
On average, analysts have forecast the company’s revenue for the quarter will hit 800k, with the likely lows of 800k and highs of 800k. Staying with the analyst view, there is a consensus estimate of 5.28M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 287.70% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give DNN a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 2 analysts have assigned DNN a recommendation rating as follows: 0 rate it as a Hold; 2 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Denison Mines Corp (DNN) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that DNN’s price is at present 22.68% off the SMA20 and 38.44% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 80.49, with weekly volatility standing at 7.10%. The indicator jumps to 5.37% when calculated based on the past 30 days. Denison Mines Corp (AMEX:DNN)’s beta value is holding at 1.71, while the average true range (ATR) indicator is currently reading 0.11. Considering analysts have assigned the stock a price target range of $2.6-$2.6 as the low and high respectively, we find the trailing 12-month average consensus price target to be $2.6. Based on this estimate, we see that current price is roughly -9.24% off the estimated low and -9.24% off the forecast high. Investors will no doubt be excited to see the share price fall to $2.6, which is the median consensus price, and at that level DNN would be -9.24% from current price.
An analysis of the Denison Mines Corp (AMEX:DNN) stock in terms of its daily trading volume indicates that the 3-month average is 17.81 million. However, this figure increases on the past 10-day timeline to an average of 23.71 million.
Current records show that the company has 890.97M in outstanding shares. The insiders’ percentage holdings are 1.30% of outstanding shares while the percentage share held by institutions stands at 46.56%. The stats also highlight that short interest as of 2024-09-30, stood at 40.71 million shares, which puts the short ratio at the time at 2.33. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 44.36 million. But the 34.46% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
