PENN Entertainment Inc. (NASDAQ:PENN) finished Thursday with a subtraction of -$2.39 to close at $26.75, a downside of -8.20 percent. An average of 10,576,200 shares of common stock have been traded in the last five days. There was a fall of -$4.03 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 4,912,910 shares traded, while the 50-day average volume stands at 3,665,654.
PENN stock has decreased by -19.21% in the last month. The company shares reached their 1-month lowest point of $26.53 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $26.46 and a high of $81.66 in 52 weeks. It has reached a new high 1 time so far this year and lost -48.41% or -$25.10 in price. In spite of this, the price is down -67.24% from the 52-week high.
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39 days have passed since PENN Entertainment Inc. (PENN) last reported insider trading activity. Reibstein Saul, who is Director, most recently acquired $5,086 shares at $38.03 per share on Aug 15. In this transaction, the insider spent $193,421. President and CEO, Snowden Jay A, disposed of 148,387 shares at a price of $77.23 on Oct 04. The insider now owns more than $11,460,568 worth of shares.
PENN Entertainment Inc. (PENN) has a trailing price-to-earnings (P/E) ratio of 22.98. The stock’s beta is 2.23. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.68, the price-to-book (PB) ratio at 1.18, and the price-to-cash flow ratio at 8.17.
The quick ratio of PENN Entertainment Inc. for the three months ended March 30 was 1.90, and the current ratio was 1.90, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.12 and a total debt to equity ratio of 3.18 for the quarter ending March 30. Its gross profit as reported stood at $2.76 billion compared to revenue of $5.91 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 Entertainment Inc.’s return on assets was 1.20%.
For the three-month period that ended March 30, PENN Entertainment Inc. had $2.73 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 $26.1 million in the quarter, while revenues of $51.7 million were shrunk -248.66%. The analyst consensus anticipated PENN Entertainment Inc.’s latest quarter earnings to come in at $0.43 per share, but it turned out to be $0.28, a -34.90% surprise. For the quarter, EBITDA amounted to $454.9 million. Shareholders own equity worth $158.56 million.
From a technical analysis perspective, let’s take a brief look at PENN Entertainment Inc. (PENN) price momentum. RSI 9-day as of the close on 22 September was 22.05%, suggesting the stock is oversold, with historical volatility in this time frame at 56.25%.
As of today, PENN’s price is $29.69 -13.09% or -$4.03 from its 5-day moving average. PENN is currently trading -20.51% lower than its 20-day SMA and -26.85% lower than its 100-day SMA. However, the stock’s current price level is -10.83% below the SMA50 and -47.28% below the SMA200.
The stochastic %K and %D were 11.66% and 25.63%, respectively, and the average true range (ATR) was 1.66. With the 14-day stochastic at 3.17% and the average true range at 1.63, the RSI (14) stands at 28.74%. The stock has reached -1.59 on the 9-day MACD Oscillator while the 14-day reading was at -2.06.
JMP Securities launched coverage on PENN Entertainment Inc. (NASDAQ: PENN) in its analyst report released on June 28, 2022. The firm assigned the stock a Mkt outperform rating.