Denison Mines Corp (DNN) Stock: A Closer Look at the Moving Averages

The stock of Denison Mines Corp (DNN) has seen a -4.20% decrease in the past week, with a -10.08% drop in the past month, and a 6.22% flourish in the past quarter. The volatility ratio for the week is 3.79%, and the volatility levels for the past 30 days are at 4.20% for DNN. The simple moving average for the last 20 days is -7.24% for DNN stock, with a simple moving average of 10.04% for the last 200 days.

Is It Worth Investing in Denison Mines Corp (AMEX: DNN) Right Now?

Denison Mines Corp (AMEX: DNN) has a price-to-earnings ratio of 46.59x that is above its average ratio. Additionally, the 36-month beta value for DNN is 1.73. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”

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The public float for DNN is 884.36M and currently, short sellers hold a 4.93% ratio of that float. The average trading volume of DNN on June 21, 2024 was 16.19M shares.

DNN) stock’s latest price update

The stock price of Denison Mines Corp (AMEX: DNN) has plunged by -1.91 when compared to previous closing price of 2.09, but the company has seen a -4.20% decline in its stock price over the last five trading sessions. investorplace.com reported 2024-06-15 that In the vast expanse of the stock market, penny stocks often go unnoticed by the typical investor. However, for those willing to wade through the riskier waters of low-priced equities, the potential rewards are enormous.

DNN Trading at -3.99% 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 -17.00% of loss for the given period.

Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 3.79%, as shares sank -8.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.54% lower at present.

During the last 5 trading sessions, DNN fell by -4.44%, which changed the moving average for the period of 200-days by +40.07% in comparison to the 20-day moving average, which settled at $2.20. In addition, Denison Mines Corp saw 15.82% 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:

  • -33.37 for the present operating margin
  • -7.79 for the gross margin

The net margin for Denison Mines Corp stands at 45.47. The total capital return value is set at -0.08. 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 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -105.31. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 47.21.

Currently, EBITDA for the company is -43.09 million with net debt to EBITDA at 2.66. When we switch over and look at the enterprise to sales, we see a ratio of 1485.58. The receivables turnover for the company is 0.67for 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 6.68.

Conclusion

In conclusion, Denison Mines Corp (DNN) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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