Denison Mines Corp. (AMEX: DNN) stock jumped 4.38% on Tuesday to $1.43 against a previous-day closing price of $1.37. With 9.07 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.26 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $1.4300 whereas the lowest price it dropped to was $1.3500. The 52-week range on DNN shows that it touched its highest point at $1.83 and its lowest point at $0.91 during that stretch. Beta for the stock currently stands at 1.81.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DNN was up-trending over the past week, with a rise of 10.00%, but this was up by 19.17% over a month. Three-month performance surged to 16.26% while six-month performance rose 27.68%. The stock gained 21.19% in the past year, while it has gained 24.35% so far this year. A look at the trailing 12-month EPS for DNN yields 0.01 with Next year EPS estimates of -0.02. For the next quarter, that number is -0.01. This implies an EPS growth rate of 192.30% for this year and -200.00% for next year.
Float and Shares Shorts:
At present, 819.23 million DNN shares are outstanding with a float of 810.72 million shares on hand for trading. On Oct 13, 2022, short shares totaled 41.8 million, which was 5.11% higher than short shares on Sep 14, 2022. In addition to Mr. David Daniel Cates C.A., C.P.A., CA, CPA, MAcc as the firm’s Pres, CEO & Director, Mr. Gabriel Ernst McDonald serves as its Exec. VP & CFO.
Through their ownership of 34.09% of DNN’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of DNN, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 5.07% stake in DNN, the Global X Uranium ETF is the largest stakeholder. A total of 41,679,525 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 4.26% of DNN stock, is the second-largest Mutual Fund holder. It holds 35,056,473 shares valued at 40.31 million. Hood River Small-Cap Growth Fund holds 1.14% of the stake in DNN, owning 9,371,903 shares worth 10.78 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DNN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy..