Should Investors Trust The Upside Potential In Denison Mines Corp (DNN)?

Denison Mines Corp (AMEX:DNN) currently has a daily average trading volume of 16.07M but it saw 16517812 shares traded in last market. With a market cap of 1.45B USD, the company’s current market price of $1.62 came falling about -5.26 while comparing to the previous closing price of $1.71. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.47 and as low as $1.37. In the recent trading on the day, stock has struck highest price mark of $1.614 while lowest mark touched by it was $1.68.

Taking a look at 20-day trading activity of Denison Mines Corp (DNN) gives us an average price of $1.5885, while its current price level is -34.41% below from 52-week high level whereas it is 18.25% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.8564 while that of 200 days or SMA-200 reads an average of $1.9320. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.34% during that period while stretching the period over a month that decreases to 5.99%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 44.99 which implies that the stock is in neutral territory.

Over the week, DNN’s stock price is moving 3.18% up while it is -12.90% when we observe its performance for the past one month. Year-to-date it is -8.47% down and over the past year, the stock is showing an upside performance of 14.89%.

The company is expected to be releasing its next quarterly report on 2024-Nov-07, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is -0.06. In next quarter, company is expected to be making quarterly sales of $820k as analysts are expecting the sales for current fiscal year at $3.27M and seeing the company making $3.27M in sales next year. Moreover, analysts are in estimates of $820k for current-quarter revenue.

Currently, Denison Mines Corp’s total number of outstanding shares is 890.97M with 0.31% of that held by the insiders while 55.75% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.13% and return on equity (ROE) at 10.52%. It has a price to earnings ratio (P/E ratio) of 36.82. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 3.25 while price to sale or P/S ratio amounts to 188.73. Its return on asset (ROA) is 8.94% on average.