As of Friday close, PENN Entertainment Inc.’s (NASDAQ:PENN) stock was down -$0.59, moving down -2.57 percent to $22.36. The average number of shares traded per day over the past five days has been 3,983,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.16 fall in that time frame. In the last twenty days, the average volume was 4,574,290, while in the previous 50 days, it was 5,789,182.
Since last month, PENN stock retreated -1.84%. Shares of the company fell to $21.32 on 09/13/23, the lowest level in the past month. A 52-week high of $39.35 was reached on 02/01/23 after having rallying from a 52-week low of $21.32. Since the beginning of this year, PENN’s stock price has dropped by -24.71% or -$7.34, and marked a new high 13 times. However, the stock has declined by -43.18% since its 52-week high.
PENN stock investors should be aware that PENN Entertainment Inc. (PENN) stock had its last reported insider trading activity 17 days ago on Sep 06. Hendrix Felicia, the EVP and CFO of the company, purchased of 11,162 shares for $22.41 on Sep 06. It resulted in a $250,140 investment by the insider. HANDLER DAVID A added 19,562 shares at an average price of $22.65 on Aug 23. The insider now owns 207,072 shares following the transaction. On Aug 22, Director HANDLER DAVID A bought 438 shares at $22.81 apiece. The transaction was valued at $9,991.
Valuation Metrics
Right now, PENN Entertainment Inc. (PENN) has a P/E ratio of about 5.15. The stock’s beta is 2.17. Besides these, the trailing price-to-sales (P/S) ratio of 0.51, the price-to-book (PB) ratio of 0.81, and the price-to-cash flow ratio of 7.01 may also be considered.
Financial Health
In the three months ended June 29, PENN Entertainment Inc.’s quick ratio stood at 1.40, while its current ratio was 1.40, 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 June 29 was 1.72, and the total debt-to-equity ratio was 1.75. On the profitability front, the trailing twelve-month gross margin is 41.70% percent. In the year ended June 29, EBITDA margin amounted to 27.30%, whereas operating margins totaled 13.10%. Based on annual data, PENN earned $2.77 billion in gross profit and brought in $6.4 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 6.50%. Return on equity (ROE) for the past 12 months was 18.90%.
In PENN Entertainment Inc.’s quarter-end financial report for June 29, it reported total debt of $2.72 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PENN’s revenue rose 2.86% to $1.67 billion during the quarter, while net income inched up to $1.67 billion. While analysts expected PENN Entertainment Inc. to report $0.42 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $318.2 million in EBITDA. The liabilities of PENN Entertainment Inc. were 12.82 billion at the end of its most recent quarter ended June 29, and its total debt was $11.62 billion. The value of shareholders’ equity is $151.04 million.
Technical Picture
This quick technical analysis looks at PENN Entertainment Inc.’s (PENN) price momentum. With a historical volatility rate of 49.24%, the RSI 9-day stood at 41.47% on 22 September.
With respect to its five-day moving average, the current PENN Entertainment Inc. price is down by -4.93% percent or -$1.16. At present, PENN shares trade -2.78% below its 20-day simple moving average and -26.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.46% below its SMA50 and -34.58% below its SMA200.
Stochastic coefficient K was 51.71% and Stochastic coefficient D was 63.26%, while ATR was 0.89. Given the Stochastic reading of 34.32% for the 14-day period, the RSI (14) reading has been calculated as 43.06%. As of today, the MACD Oscillator reading stands at 0.01, while the 14-day reading stands at 0.29.
Analyst Ratings
PENN Entertainment Inc. downgraded its rating on PENN Entertainment Inc. (NASDAQ: PENN) to a Hold in a note to investors on August 10, 2023. The analysts firm previously had a Buy rating on the stock.PENN Entertainment Inc. (PENN) has been rated Overweight by analysts. According to 0 brokerage firms, PENN is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate PENN Entertainment Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $26.00 – $44.00. Based on these forecasts, analysts predict PENN Entertainment Inc. (PENN) will achieve an average price target of $33.06.
