So Far This Year, Penn National Gaming Inc. (PENN) Reached A New High 5 times

As of Thursday close, Penn National Gaming Inc.’s (NASDAQ:PENN) stock was down -$1.45, moving down -3.96 percent to $35.14. The average number of shares traded per day over the past five days has been 3,633,000 shares. 5 times new highs have been achieved over the past 5 days, with a $0.91 gain in that time frame. In the last twenty days, the average volume was 2,934,495, while in the previous 50 days, it was 3,582,938.

Since last month, PENN stock rose 13.28%. Shares of the company fell to $28.34 on 07/13/22, the lowest level in the past month. A 52-week high of $86.40 was reached on 01/03/22 after having rallying from a 52-week low of $26.46. Since the beginning of this year, PENN’s stock price has dropped by -32.23% or -$16.71, and marked a new high 1 time. However, the stock has declined by -59.33% since its 52-week high.


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Penn National Gaming Inc. (PENN) last reported insider trading activity 169 days ago on Feb 17. SCACCETTI JANE, the Director of the company, purchased of 1,975 shares for $49.70 on Feb 17. It resulted in a $98,167 investment by the insider. Snowden Jay A sold 148,387 shares at an average price of $77.23 on Oct 04. The insider now owns 530,496 shares following the transaction. On Sep 13, President and CEO Snowden Jay A sold 14,900 shares at $80.46 apiece. The transaction was valued at $1,198,854.

Valuation Metrics

Right now, Penn National Gaming Inc. (PENN) has a P/E ratio of about 16.23. The stock’s beta is 2.24. Besides these, the trailing price-to-sales (P/S) ratio of 0.94, the price-to-book (PB) ratio of 1.50, and the price-to-cash flow ratio of 8.88 may also be considered.

Financial Health

In the three months ended March 30, Penn National Gaming Inc.’s quick ratio stood at 1.90, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 2.96, and the total debt-to-equity ratio was 3.03. On the profitability front, the trailing twelve-month gross margin is 45.80% percent. In the year ended March 30, operating margins totaled 18.30%. Based on annual data, PENN earned $2.76 billion in gross profit and brought in $5.91 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.40%. Return on equity (ROE) for the past 12 months was 10.90%.

In Penn National Gaming Inc.’s quarter-end financial report for March 30, it reported total debt of $2.69 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PENN’s revenue rose 34.32% to $1.51 billion during the quarter, while net income inched up to $1.56 billion. While analysts expected Penn National Gaming Inc. to report $0.43 quarterly earnings, the actual figure was $0.28 per share, beating the consensus estimate by -34.90%. During the quarter, the company generated $412.9 million in EBITDA. The liabilities of Penn National Gaming Inc. were 14.12 billion at the end of its most recent quarter ended March 30. The value of shareholders’ equity is $166.8 million.

Technical Picture

This quick technical analysis looks at Penn National Gaming Inc.’s (PENN) price momentum. With a historical volatility rate of 43.80%, the RSI 9-day stood at 59.33% on 04 August.

With respect to its five-day moving average, the current Penn National Gaming Inc. price is up by +2.66% percent or $0.91. At present, PENN shares trade +12.20% above its 20-day simple moving average and -17.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately +12.70% above its SMA50 and -54.54% below its SMA200.

Stochastic coefficient K was 78.74% and Stochastic coefficient D was 89.15%, while ATR was 1.85. Given the Stochastic reading of 48.11% for the 14-day period, the RSI (14) reading has been calculated as 58.52%. As of today, the MACD Oscillator reading stands at 1.28, while the 14-day reading stands at 1.69.

Analyst Ratings

JMP Securities launched its rating on Penn National Gaming Inc. (NASDAQ: PENN) to a Mkt outperform in a note to investors on June 28, 2022. Penn National Gaming Inc. (PENN) has been rated Overweight by analysts. According to 0 brokerage firms, PENN is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Penn National Gaming Inc. stock as buy, with 12 recommending it as overweight.

With a median target price of $50.00, the current consensus forecast for the stock is $37.00 – $80.00. Based on these forecasts, analysts predict Penn National Gaming Inc. (PENN) will achieve an average price target of $51.76.

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