PENN Entertainment Inc. (NASDAQ:PENN) finished Thursday with an addition of $0.22 to close at $23.00, an upside of 0.97 percent. An average of 3,920,380 shares of common stock have been traded in the last five days. There was a gain of $0.17 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 8,230,985 shares traded, while the 50-day average volume stands at 5,220,494.
PENN stock has decreased by -11.71% in the last month. The company shares reached their 1-month lowest point of $22.34 on 08/18/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $22.34 and a high of $39.35 in 52 weeks. It has reached a new high 13 times so far this year and lost -22.56% or -$6.70 in price. In spite of this, the price is down -41.55% from the 52-week high.
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Insider Transactions
PENN stock investors should be aware that PENN Entertainment Inc. (PENN) stock had its last reported insider trading activity 73 days ago on Aug 23. In this transaction, the insider spent $810,446. Director, Reibstein Saul, disposed of 39,457 shares at a price of $33.39 on Feb 06. The insider now owns more than $1,317,469 worth of shares. Prior to that, President and CEO Snowden Jay A went on to Sale 163,475 shares at $30.12 each on Dec 27. An amount of $4,923,867 was transacted.
Valuation Metrics
PENN Entertainment Inc. (PENN) has a trailing price-to-earnings (P/E) ratio of 5.30. The stock’s beta is 2.19. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.52, the price-to-book (PB) ratio at 0.84, and the price-to-cash flow ratio at 7.23.
Financial Health
The quick ratio of PENN Entertainment Inc. for the recent quarter was 1.40, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.72 and a total debt to equity ratio of 1.75 for the recent quarter. PENN Entertainment Inc.’s EBITDA margin is 27.30%, while its operating margin for the same period stands at 13.10%. Its gross profit as reported stood at $2.77 billion compared to revenue of $6.4 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 4.30%.
Earnings Surprise
For the recent quarter, PENN Entertainment Inc. had $2.72 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 $78.4 million in the quarter, while revenues of $514.5 million were grew 66.71%. Shareholders own equity worth $151.04 million.
Technical Picture
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 24 August was 39.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.89%.
As of today, PENN’s price is $22.88 +0.74% or $0.17 from its 5-day moving average. PENN is currently trading -9.20% lower than its 20-day SMA and -22.45% lower than its 100-day SMA. However, the stock’s current price level is -13.70% below the SMA50 and -29.64% below the SMA200.
The stochastic %K and %D were 7.29% and 7.20%, respectively, and the average true range (ATR) was 1.00. With the 14-day stochastic at 9.37% and the average true range at 1.04, the RSI (14) stands at 41.44%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -1.09.
Analyst Ratings
Truist downgraded PENN Entertainment Inc. (NASDAQ: PENN) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for PENN Entertainment Inc. (PENN) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PENN, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 5 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 $27.00 and $44.00, with a median target of $30.00. Taking a look at these predictions, the average price target given by analysts for PENN Entertainment Inc. (PENN) stock is $33.07.
