The stock price of Denison Mines Corp. (AMEX: DNN) has plunged by 0.00 when compared to previous closing price of 1.65, but the company has seen a 13.01% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-14 that Denison Mines Corp. is a Canadian uranium exploration company with a clean balance sheet and CAD$47 million in cash. The demand for nuclear energy is increasing due to the growth of AI infrastructure and data centers, as well as expansion in China and India. Denison Mines is focused on projects in Canada’s Athabasca Basin and has high-grade uranium deposits, making it a compelling investment.
Is It Worth Investing in Denison Mines Corp. (AMEX: DNN) Right Now?
and a 36-month beta value of 1.82. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price predicted for Denison Mines Corp. (DNN) by analysts is $2.25, which is $0.54 above the current market price. The public float for DNN is 827.93M, and at present, short sellers hold a 4.30% of that float. On September 19, 2023, the average trading volume of DNN was 4.89M shares.
DNN’s Market Performance
DNN stock saw an increase of 13.01% in the past week, with a monthly gain of 25.95% and a quarterly increase of 32.00%. The volatility ratio for the week is 4.53%, and the volatility levels for the last 30 days are 4.49% for Denison Mines Corp. (DNN). The simple moving average for the last 20 days is 14.31% for DNN stock, with a simple moving average of 36.06% for the last 200 days.
DNN Trading at 23.02% from the 50-Day Moving Average
After a stumble in the market that brought DNN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with 0.00% of loss for the given period.
Volatility was left at 4.49%, however, over the last 30 days, the volatility rate increased by 4.53%, as shares surge +20.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.25% upper at present.
During the last 5 trading sessions, DNN rose by +13.01%, which changed the moving average for the period of 200-days by +39.83% in comparison to the 20-day moving average, which settled at $1.4575. In addition, Denison Mines Corp. saw 43.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for DNN
Current profitability levels for the company are sitting at:
- -205.45 for the present operating margin
- -156.66 for the gross margin
The net margin for Denison Mines Corp. stands at +84.71. The total capital return value is set at -8.35, while invested capital returns managed to touch 3.44. Equity return is now at value -3.30, with -2.70 for asset returns.
Based on Denison Mines Corp. (DNN), the company’s capital structure generated 0.13 points at debt to equity in total, while total debt to capital is 0.13. Total debt to assets is 0.10, with long-term debt to equity ratio resting at 0.08. Finally, the long-term debt to capital ratio is 0.08.
When we switch over and look at the enterprise to sales, we see a ratio of 168.85, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 4.35 and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.65.
Conclusion
To sum up, Denison Mines Corp. (DNN) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
