Denison Mines Corp (DNN) is 16.01% away from 50-day simple Moving Average despite all headwinds

Denison Mines Corp (AMEX: DNN) on Monday, soared 8.61% from the previous trading day, before settling in for the closing price of $2.09. Within the past 52 weeks, DNN’s price has moved between $1.40 and $2.47.

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Annual sales at Energy sector company slipped by -19.81% over the past five years. The company achieved an average annual earnings per share of -168.33%. With a float of $883.51 million, this company’s outstanding shares have now reached $890.97 million.

Let’s look at the performance matrix of the company that is accounted for 64 employees. In terms of profitability, gross margin is 946.72%, operating margin of 1683.24%, and the pretax margin is 1097.0%.

Denison Mines Corp (DNN) Insider and Institutional Ownership

Observing investor behavior towards Uranium industry stocks is more important than anything else. The insider ownership of Denison Mines Corp is 1.02%, while institutional ownership is 44.43%.

Denison Mines Corp (DNN) Latest Financial update

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.01 earnings per share (EPS) for the period topping the consensus outlook (set at -0.01) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -168.33% per share during the next fiscal year.

Denison Mines Corp (AMEX: DNN) Trading Performance Indicators

Denison Mines Corp (DNN) is currently performing well based on its current performance indicators. A quick ratio of 6.09 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 374.42.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.04, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.03 in one year’s time.

Technical Analysis of Denison Mines Corp (DNN)

Denison Mines Corp (AMEX: DNN) saw its 5-day average volume 29.73 million, a positive change from its year-to-date volume of 16.7 million. As of the previous 9 days, the stock’s Stochastic %D was 58.27%. Additionally, its Average True Range was 0.13.

During the past 100 days, Denison Mines Corp’s (DNN) raw stochastic average was set at 87.00%, which indicates a significant increase from 83.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 50.84% in the past 14 days, which was lower than the 62.58% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.96, while its 200-day Moving Average is $1.95. Nevertheless, the first resistance level for the watch stands at $2.35 in the near term. At $2.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.52. If the price goes on to break the first support level at $2.18, it is likely to go to the next support level at $2.08. The third support level lies at $2.01 if the price breaches the second support level.

Denison Mines Corp (AMEX: DNN) Key Stats

Market capitalization of the company is 2.87 billion based on 892,618K outstanding shares. Right now, sales total 1,370 K and income totals 66,950 K. The company made 510 K in profit during its latest quarter, and -18,890 K in sales during its previous quarter.