Denison Mines Corp (AMEX: DNN) Drops -2.63% Over A Month, But Analysts Still See Upside Potential

Denison Mines Corp (AMEX:DNN) currently has a daily average trading volume of 24.27M but it saw 36394616 shares traded in last market. With a market cap of 1.65B USD, the company’s current market price of $1.85 came rising about 3.93 while comparing to the previous closing price of $1.78. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.47 and as low as $1.40. In the recent trading on the day, stock has struck highest price mark of $1.75 while lowest mark touched by it was $1.88.

Taking a look at 20-day trading activity of Denison Mines Corp (DNN) gives us an average price of $1.9360, while its current price level is -25.10% below from 52-week high level whereas it is 32.14% 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 $2.0700 while that of 200 days or SMA-200 reads an average of $1.9837. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.06% during that period while stretching the period over a month that decreases to 5.80%. 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 43.80 which implies that the stock is in neutral territory.

Over the week, DNN’s stock price is moving -9.31% down while it is -2.63% when we observe its performance for the past one month. Year-to-date it is 2.78% up and over the past year, the stock is showing a downside performance of -3.65%.

The company is expected to be releasing its next quarterly report in February, 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 $801k as analysts are expecting the sales for current fiscal year at $2.97M and seeing the company making $9.43M in sales next year. Moreover, analysts are in estimates of $801k for current-quarter revenue.

Currently, Denison Mines Corp’s total number of outstanding shares is 892.60M with 0.31% of that held by the insiders while 50.77% of its common stock has been owned by the institutions. Stock’s beta reads 1.75. Stock has a price to book (P/B) ratio of 3.81.