Denison Mines Corp (DNN) Stock: A Closer Look at the Market Potential

The price-to-earnings ratio for Denison Mines Corp (AMEX: DNN) is above average at 47.50x, Company’s 36-month beta value is 1.69.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for DNN is 883.51M, and currently, short sellers hold a 5.00% ratio of that floaft. The average trading volume of DNN on November 18, 2024 was 18.54M shares.

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DNN) stock’s latest price update

Denison Mines Corp (AMEX: DNN)’s stock price has plunge by 0.97relation to previous closing price of 2.07. Nevertheless, the company has seen a 2.45% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-15 that TORONTO, Nov. 15, 2024 /PRNewswire/ – Denison Mines Corp. (“Denison” or the “Company”) (TSX: DML; NYSE American: DNN) congratulates Foremost Clean Energy Ltd. (“Foremost”) (NASDAQ:FMST) (CSE:FAT) on the completion of its $10,500,250 private placement of units on November 14, 2024 (the “Offering”).

DNN’s Market Performance

Denison Mines Corp (DNN) has experienced a 2.45% rise in stock performance for the past week, with a -6.28% drop in the past month, and a 31.45% rise in the past quarter. The volatility ratio for the week is 6.66%, and the volatility levels for the past 30 days are at 5.70% for DNN. The simple moving average for the past 20 days is -1.92% for DNN’s stock, with a 6.97% simple moving average for the past 200 days.

DNN Trading at 7.72% 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 -15.38% of loss for the given period.

Volatility was left at 5.70%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares sank -12.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +45.14% upper at present.

During the last 5 trading sessions, DNN rose by +2.45%, which changed the moving average for the period of 200-days by -2.34% in comparison to the 20-day moving average, which settled at $2.13. In addition, Denison Mines Corp saw 18.08% 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:

  • 16.83 for the present operating margin
  • 9.47 for the gross margin

The net margin for Denison Mines Corp stands at 10.29. The total capital return value is set at -0.07. Equity return is now at value 10.52, with 8.94 for asset returns.

Currently, EBITDA for the company is -43.09 million with net debt to EBITDA at 1.57. When we switch over and look at the enterprise to sales, we see a ratio of -955.41. The receivables turnover for the company is -0.79for 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 6.28.

Conclusion

In a nutshell, Denison Mines Corp (DNN) has experienced a better performance in recent times. The stock has received mixed “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.

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