Denison Mines Corp (AMEX: DNN) has a higher price-to-earnings ratio of 52.08x compared to its average ratio. DNN has 36-month beta value of 1.71. Analysts have mixed views 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 880.78M, and currently, short sellers hold a 4.62% ratio of that float. The average trading volume of DNN on October 18, 2024 was 17.81M shares.
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DNN) stock’s latest price update
The stock of Denison Mines Corp (AMEX: DNN) has increased by 2.77 when compared to last closing price of 2.23.Despite this, the company has seen a gain of 19.36% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-18 that Uranium stocks surged, with Cameco, Denison, Mega Uranium, and Laramide showing significant gains, reflecting increased interest in the sector. Major tech firms like Microsoft and Google are investing in nuclear power, driving demand for uranium and boosting the prospects of those who mine uranium. The uranium price has rebounded from a September low, suggesting a potential upward trend influenced by nuclear energy developments.
DNN’s Market Performance
Denison Mines Corp (DNN) has seen a 19.36% rise in stock performance for the week, with a 45.04% gain in the past month and a 15.74% surge in the past quarter. The volatility ratio for the week is 6.25%, and the volatility levels for the past 30 days are at 5.15% for DNN. The simple moving average for the past 20 days is 18.40% for DNN’s stock, with a 18.69% simple moving average for the past 200 days.
DNN Trading at 33.44% 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 -7.22% of loss for the given period.
Volatility was left at 5.15%, however, over the last 30 days, the volatility rate increased by 6.25%, as shares surge +36.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +49.34% upper at present.
During the last 5 trading sessions, DNN rose by +19.79%, which changed the moving average for the period of 200-days by +37.72% in comparison to the 20-day moving average, which settled at $1.94. In addition, Denison Mines Corp saw 29.47% 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:
- 96.62 for the present operating margin
- 43.25 for the gross margin
The net margin for Denison Mines Corp stands at -101.18. 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 33433000.0. The debt to equity ratio resting at -0.0. The interest coverage ratio of the stock is 47.63.
Currently, EBITDA for the company is -43.09 million with net debt to EBITDA at 2.73. When we switch over and look at the enterprise to sales, we see a ratio of -4845.63. The receivables turnover for the company is -0.23for 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 6.94.
Conclusion
To put it simply, Denison Mines Corp (DNN) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
