PENN Entertainment Inc (NASDAQ:PENN) currently has a daily average trading volume of 5.79M but it saw 1982789 shares traded in last market. With a market cap of 3.02B USD, the company’s current market price of $19.76 came falling about -0.25 while comparing to the previous closing price of $19.81. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.20 and as low as $13.50. In the recent trading on the day, stock has struck highest price mark of $19.71 while lowest mark touched by it was $20.2.
Taking a look at 20-day trading activity of PENN Entertainment Inc (PENN) gives us an average price of $18.83, while its current price level is -27.37% below from 52-week high level whereas it is 46.37% 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 $18.99 while that of 200 days or SMA-200 reads an average of $20.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.67% during that period while stretching the period over a month that increases to 4.95%. 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 56.69 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 3.62% when we observe its performance for the past one month. Year-to-date it is -24.06% down and over the past year, the stock is showing a downside performance of -13.64%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -4.8 beaten by the consensus estimate of 0.36 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-31, for which analysts forecasted an EPS of -0.26 while estimate for next year EPS is -1.27. In next quarter, company is expected to be making quarterly sales of $1.74B as analysts are expecting the sales for current fiscal year at $6.69B and seeing the company making $7.09B in sales next year. Moreover, analysts are in estimates of $1.68B for current-quarter revenue.
Currently, PENN Entertainment Inc’s total number of outstanding shares is 151.55M with 1.07% of that held by the insiders while 102.88% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -8.73% and return on equity (ROE) at -33.70%. It has a 22.33 of forward P/E ratio. Stock’s beta reads 2.11. Stock has a price to book (P/B) ratio of 0.98 while price to sale or P/S ratio amounts to 0.48. Its return on asset (ROA) is -7.52% on average.
