Denison Mines Corp. (AMEX: DNN) stock jumped 4.43% on Friday to $1.65 against a previous-day closing price of $1.58. With 18.37 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.64 million shares. During the session, the Uranium company that operates in wider Energy sector, reached to the highest price of $1.6500 whereas the lowest price it dropped to was $1.5900. The 52-week range on DNN shows that it touched its highest point at $1.60 and its lowest point at $0.92 during that stretch. It currently has a 1-year price target of $2.19. Beta for the stock currently stands at 1.84.
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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 15.38%, but this was up by 24.06% over a month. Three-month performance surged to 33.06% while six-month performance rose 63.37%. The stock gained 18.71% in the past year, while it has gained 43.48% so far this year. A look at the trailing 12-month EPS for DNN yields -0.01 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.01. This implies an EPS growth rate of -26.70% for this year and 0.00% for next year.
Float and Shares Shorts:
At present, 835.66 million DNN shares are outstanding with a float of 827.93 million shares on hand for trading. On Aug 30, 2023, short shares totaled 35.59 million, which was 4.26% higher than short shares on Jul 30, 2023. In addition to Mr. David Daniel Cates C.A., C.P.A., CA, CPA, MAcc as the firm’s Pres, CEO & Director, Ms. Elizabeth Sidle C.A., CPA serves as its VP of Fin. & Interim CFO.
Institutional Ownership:
Through their ownership of 38.98% 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 5.06% stake in DNN, the Global X Uranium ETF is the largest stakeholder. A total of 42,295,900 shares are owned by the mutual fund manager. The Sprott Uranium Miners ETF, which owns about 4.55% of DNN stock, is the second-largest Mutual Fund holder. It holds 38,056,521 shares valued at 53.28 million. Hood River Small-Cap Growth Fund holds 1.38% of the stake in DNN, owning 11,495,409 shares worth 16.09 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, DNN reported revenue of $6.80M and operating income of -$8.39M. The EBITDA in the recently reported quarter was -$6.51M and diluted EPS was -$0.02.
Analysts Ratings:
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. With DNN analysts setting a high price target of $4.55 and a low target of $1.22, the average target price over the next 12 months is $2.25. Based on these targets, DNN could surge 175.76% to reach the target high and fall by -26.06% to reach the target low. Reaching the average price target will result in a growth of 36.36% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DNN stock several times over the past three months with 2 Buys and 2 Sells. In these transactions, 156,667 shares were bought while 120,867 shares were sold. The number of buy transactions has increased to 8 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 2,838,424 while 2,423,867 shares were sold.
