Penn National Gaming Inc. (NASDAQ:PENN) trading with an addition of $2.35 to $77.04 on Thursday, an upside of 3.15 percent. An average of 3,163,395 shares of common stock have been traded in the last five days. There was a gain of $1.72 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 4,268,769 shares traded, while the 50-day average volume stands at 4,846,023.
PENN stock has decreased by -0.51% in the last month. The company shares reached their 1-month lowest point of $70.08 on 09/21/21. With the stock rallying to its 52-week high on 03/15/21, shares of the company touched a low of $52.09 and a high of $142.00 in 52 weeks. It has reached a new high 19 times so far this year and lost -13.52% or -$9.55 in price. In spite of this, the price is down -45.75% from the 52-week high.
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10 days have passed since Penn National Gaming Inc. (PENN) last reported insider trading activity. Snowden Jay A, who is President and CEO, most recently acquired $148,387 shares at $77.23 per share on Oct 04. In this transaction, the insider spent $11,460,568. President and CEO, Snowden Jay A, disposed of 14,900 shares at a price of $80.46 on Sep 13. The insider now owns more than $1,198,854 worth of shares. Prior to that, President and CEO Snowden Jay A went on to Sale 71,540 shares at $140.61 each on Mar 15. An amount of $10,059,330 was transacted.
Penn National Gaming Inc. (PENN) has a trailing price-to-earnings (P/E) ratio of 28.13, which compares with the 21.70 for the broader industry and 31.25 for the sector. In the last five years, Penn National Gaming Inc.’s PE ratio has ranged between 103.46 and 2.627. The stock’s beta is 2.53. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.42, the price-to-book (PB) ratio at 3.97, and the price-to-cash flow ratio at 14.22.
The quick ratio of Penn National Gaming Inc. for the three months ended June 29 was 2.70, and the current ratio was 2.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.23 and a total debt to equity ratio of 2.28 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 50.70% against a 5-year average of 43.9%. Penn National Gaming Inc.’s EBITDA margin for the year ending June 29 is 19.59%, while its operating margin for the same period stands at 18.30%. Its gross profit as reported stood at $1.71 billion compared to revenue of $3.58 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Penn National Gaming Inc.’s return on assets was 3.00%, compared to 1.6% over the last five years. For the broader industry, ROE averaged 9.95 over the past year.
For the three-month period that ended June 29, Penn National Gaming Inc. had $2.27 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $198.7 million in the quarter, while revenues of $91.0 million were grew 207.65%. The analyst consensus anticipated Penn National Gaming Inc.’s latest quarter earnings to come in at $0.92 per share, but it turned out to be $1.17, a 27.20% surprise. For the quarter, EBITDA amounted to $465.3 million. Shareholders own equity worth $156.79 million.
From a technical analysis perspective, let’s take a brief look at Penn National Gaming Inc. (PENN) price momentum. RSI 9-day as of the close on 13 October was 56.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 47.87%.
As of today, PENN’s price is $74.19 +2.30% or $1.72 from its 5-day moving average. PENN is currently trading +0.99% higher than its 20-day SMA and -4.18% lower than its 100-day SMA. However, the stock’s current price level is +15.98% above the SMA50 and -12.97% below the SMA200.
The stochastic %K and %D were 52.89% and 39.30%, respectively, and the average true range (ATR) was 3.20. With the 14-day stochastic at 73.06% and the average true range at 3.34, the RSI (14) stands at 53.59%. The stock has reached 1.31 on the 9-day MACD Oscillator while the 14-day reading was at 0.80.
ROTH Capital launched coverage on Penn National Gaming Inc. (NASDAQ: PENN) in its analyst report released on October 12, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Penn National Gaming Inc. (PENN) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell PENN, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is PENN’s price target for the next 12 months?
Analysts predict a range of price targets between $31.00 and $140.00, with a median target of $107.00. Taking a look at these predictions, the average price target given by analysts for Penn National Gaming Inc. (PENN) stock is $99.12.