PENN Entertainment Inc (NASDAQ:PENN) does about 5.72M shares in volume on a normal day but saw 2749543 shares change hands in Monday trading. The company now has a market cap of 2.67B USD. Its current market price is $17.49, marking an increase of 0.75% compared to the previous close of $17.36. The 52 week high reached by this stock is $31.63 whilst the lowest price level in 52 weeks is $16.46.
PENN Entertainment Inc (PENN) has a 20-day trading average at $17.89 and the current price is -44.70% off the 52-week high compared with 6.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $19.17 and its 200-day simple moving average is $22.59. If we look at the stock’s price movements over the week, volatility stands at 3.12%, which increases to 3.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 42.85 to suggest the stock is neutral.
The consensus objective for the share price is $26.76, suggesting that the stock has a potential upside of 34.64% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 26, 2024 when Mizuho initiated the stock to “Buy” and issued a price target of $29. BofA Securities upgraded the stock to “Buy” from Neutral on November 20, 2023 at a price target of $27-$30. CapitalOne initiated its price target at $25.
PENN Entertainment Inc (PENN) stock is down -4.27% over the week and -5.46% over the past month. Its price is -32.78% year-to-date and -39.81% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2023, with the company’s earnings per share (EPS) of -$2.37 below consensus estimates by -$1.86. PENN’s earnings per share are forecast to grow by 79.20% this year and 271.60% over next year. Expected sales for next quarter are $1.7 billion, which analysts say will come at $6.85 billion for the current fiscal year and next year at $7.23 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.65 billion.
To reach the target analysts have set, the stock logically needs to grow 34.64 percent from here.
Outstanding shares total 151.55M with insiders holding 1.01% of the shares and institutional holders owning 91.50% of the company’s common stock. The company has a return on investment of -3.44% and return on equity of -14.41%. The forward price to earnings ratio is 15.98. The beta has a value of 2.06. Price to book ratio is 0.83 and price to sales ratio is 0.42.
