PENN Entertainment Inc (NASDAQ: PENN) Recovers 48.67% From 52-Week Low, Is PENN Still A High-Risk, High-Reward Play?

PENN Entertainment Inc (NASDAQ:PENN) currently has a daily average trading volume of 7.07M but it saw 5259626 shares traded in last market. With a market cap of 3.06B USD, the company’s current market price of $20.07 came rising about 0.15 while comparing to the previous closing price of $20.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $29.38 and as low as $13.50.

Taking a look at 20-day trading activity of PENN Entertainment Inc (PENN) gives us an average price of $18.96, while its current price level is -31.69% below from 52-week high level whereas it is 48.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $17.27 while that of 200 days or SMA-200 reads an average of $20.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.17% during that period while stretching the period over a month that increases to 5.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.97 which implies that the stock is in neutral territory.

#####

#####

Craig Hallum upgraded its recommendation for the stock as a “Buy” from “Hold” on June 21, 2024 while assigning a price target of $30. Raymond James issued its recommendations for the stock as it initiated the price target for the stock is $20.

Over the week, PENN’s stock price is moving 6.70% up while it is 16.96% when we observe its performance for the past one month. Year-to-date it is -22.87% down and over the past year, the stock is showing a downside performance of -22.60%.

#####

Currently, PENN Entertainment Inc’s total number of outstanding shares is 151.55M. Company’s return on investment (ROI) stands at -7.94% and return on equity (ROE) at -30.87%. It has a 27.00 of forward P/E ratio. Stock’s beta reads 2.10. Stock has a price to book (P/B) ratio of 0.99 while price to sale or P/S ratio amounts to 0.49. Its return on asset (ROA) is -6.85% on average.

#####