PENN Entertainment Inc. (NASDAQ:PENN) saw a downside of -0.35% to close Monday at $22.88 after subtracting -$0.08 on the day. The 5-day average trading volume is 5,229,980 shares of the company’s common stock. It has gained $24.85 in the past week and touched a new high 1 time within the past 5 days. An average of 8,137,840 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,131,204.
PENN’s 1-month performance is -13.30% or -$3.51 on its low of $22.34 reached on 08/18/23. The company’s shares have touched a 52-week low of $22.34 and high of $39.35, with the stock’s rally to the 52-week high happening on 02/01/23. YTD, PENN has lost -22.96% or -$6.82 and has reached a new high 13 times. However, the current price is down -41.86% from the 52-week high price.
Insider Transactions
PENN stock investors last saw insider trading activity on Jun 13.SHATTUCK KOHN BARBARA (Director) most recently sold 30,445 shares at $26.62 per share on Jun 13. This transaction cost the insider $810,446. Director, Reibstein Saul, sold 39,457 shares at a price of $33.39 on Feb 06. Then, on Dec 27, President and CEO Snowden Jay A sold 163,475 shares at a price of $30.12 per share. This transaction amounted to $4,923,867.
Valuation Metrics
PENN stock has a beta of 2.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.52 while the price-to-book (PB) in the most recent quarter is 0.83, with the price to cash flow ratio at 7.19.
PENN Entertainment Inc.’s quick ratio for the period ended June 29 was 1.40, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.72, while the total debt to equity was 1.75. In terms of profitability, the gross margin trailing 12 months is 41.70%. The trailing 12-month EBITDA margin is 27.30% while for the period ending June 29, PENN Entertainment Inc.’s operating margin was 13.10%. The firm’s gross profit as reported stood at $2.77 billion against revenue of $6.4 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 66.71% to $78.4 million, while revenue of $514.5 million was -556.25% off the previous quarter. Analysts expected PENN to announce $0.42 per share in earnings in its latest quarter, but it posted $0.48, representing a 14.30% surprise. EBITDA for the quarter stood at more than $318.2 million. PENN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 12.82 billion, with total debt at $11.62 billion. Shareholders hold equity totaling $151.04 million.
Let’s look briefly at PENN Entertainment Inc. (PENN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 37.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 80.14%.
The stock’s 5-day moving average is $23.22, reflecting a -8.22% or -$2.05 change from its current price. PENN is currently trading -10.94% above its 20-day SMA, -17.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -14.02% and SMA200 by-31.95%.
Stochastic %K and %D was 5.54% and 5.12% and the average true range (ATR) pointed at 1.18. The RSI (14) points at 40.29%, while the 14-day stochastic is at 7.67% with the period’s ATR at 1.16. The stock’s 9-day MACD Oscillator is pointing at -1.19 and -1.48 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PENN Entertainment Inc. (NASDAQ: PENN), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for PENN stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PENN as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is PENN’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $44.00, with their median price target at $30.00. Looking at these predictions, the average price target given by analysts is for PENN Entertainment Inc. (PENN) stock is $33.07.
