Is Denison Mines Corp (DNN) positioned for future growth?

With 51.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 31.79 million shares. The 52-week range on DNN shows that it touched its highest point at $2.47 and its lowest point at $1.40 during that stretch. It currently has a 1-year price target of $3.09. Beta for the stock currently stands at 1.87.

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 down-trending over the past week, with a drop of -12.00%, but this was down by -24.51% over a month. Three-month performance dropped to -32.16% while six-month performance fell -1.28%. The stock lost -14.92% in the past year, while it has lost -14.44% so far this year. For the next quarter, that number is -0.01. This implies an EPS growth rate of -173.17% for this year and 47.83% for next year.

Float and Shares Shorts:

At present, 892.60 million DNN shares are outstanding with a float of 885.14 million shares on hand for trading.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DNN since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. 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. Analysts have provided yearly estimates in a range of -$0.02997524 being high and -$0.07285963 being low. For DNN, this leads to a yearly average estimate of -$0.051417435. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.01.