Denison Mines Corp (AMEX:DNN) shares, rose in value on Wednesday, November 20, with price down by -3.80% to the previous day’s close as strong demand from buyers drove the stock to $2.28.
Actively observing the price movement in the last trading, the stock closed the session at $2.37, falling within a range of $2.25 and $2.38. The value of beta (5-year monthly) was 1.884 whereas the PE ratio was 51.82 over 12-month period. Referring to stock’s 52-week performance, its high was $2.47, and the low was $1.40. On the whole, DNN has fluctuated by -0.44% over the past month.
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With the market capitalization of Denison Mines Corp currently standing at about $2.83 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.18M, with a low estimate of 801k and a high estimate of 801k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 801k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. 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 50% Buy.
The stock’s technical analysis shows that the price of DNN currently trading nearly 6.57% and 14.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.68, while the 7-day volatility ratio is showing 6.64% which for the 30-day chart, stands at 5.70%. Furthermore, Denison Mines Corp (DNN)’s beta value is 1.72, and its average true range (ATR) is 0.13.
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 -3.80% in last session, and over the past year, it grew by 23.91%%.
Data on historical trading for Denison Mines Corp (AMEX:DNN) indicates that the trading volumes over the past 10 days have averaged 26.92 and over the past 3 months, they’ve averaged 19.59 million. According to company’s latest data on outstanding shares, there are 890.97 million shares outstanding.
Nearly 1.02% of Denison Mines Corp’s shares belong to company insiders and institutional investors own 44.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 44.22 million shares as on 2024-10-31, resulting in a short ratio of 2.03. The stock has risen by 28.81% 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.
