Denison Mines Corp (AMEX: DNN)’s stock price has decreased by -3.65 compared to its previous closing price of 2.19. However, the company has seen a -1.40% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-09 that In the most recent trading session, Denison Mine (DNN) closed at $2.05, indicating a -0.97% shift from the previous trading day.
Is It Worth Investing in Denison Mines Corp (AMEX: DNN) Right Now?
The price-to-earnings ratio for Denison Mines Corp (AMEX: DNN) is 47.95x, which is above its average ratio. Moreover, the 36-month beta value for DNN is 1.68. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DNN is 878.85M and currently, short sellers hold a 4.94% of that float. On April 15, 2024, DNN’s average trading volume was 14.97M shares.
DNN’s Market Performance
The stock of Denison Mines Corp (DNN) has seen a -1.40% decrease in the past week, with a 17.88% rise in the past month, and a 17.22% gain in the past quarter. The volatility ratio for the week is 6.03%, and the volatility levels for the past 30 days are at 4.82% for DNN. The simple moving average for the last 20 days is 5.16% for DNN stock, with a simple moving average of 26.99% for the last 200 days.
DNN Trading at 8.22% 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 -5.80% of loss for the given period.
Volatility was left at 4.82%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares surge +17.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.50% upper at present.
During the last 5 trading sessions, DNN fell by -1.40%, which changed the moving average for the period of 200-days by +75.83% in comparison to the 20-day moving average, which settled at $2.02. In addition, Denison Mines Corp saw 19.21% 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:
- -26.76 for the present operating margin
- -1.03 for the gross margin
The net margin for Denison Mines Corp stands at 48.72. The total capital return value is set at -0.07. Equity return is now at value 10.52, with 8.94 for asset returns.
Based on Denison Mines Corp (DNN), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -0.75. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 68.67.
Currently, EBITDA for the company is -43.09 million with net debt to EBITDA at 3.26. When we switch over and look at the enterprise to sales, we see a ratio of 1326.6. The receivables turnover for the company is 0.97for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.29.
Conclusion
To wrap up, the performance of Denison Mines Corp (DNN) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
